Mahindra Satyam a good trading bet: Sukhani

Mahindra Satyam is a good trading bet, says Sudarshan Sukhani, s2analytics.com.
 
Sukhani told CNBC-TV18, "I would advice to go ahead and buy Mahindra Satyam. Keep this as a trading pick rather than an investment, because markets are in trouble. So buy Mahindra Satyam at current levels. Your stop loss for the trade is Rs 102. If this stock goes below Rs 102 except the small loss of 10 percent and get out. If it does not, you have bought on a correction.”
 
Mahindra Satyam touched its 52-week high Rs 131.20 and 52-week low Rs 70.65 on 28 March, 2013 and 17 May, 2012, respectively. Currently, it is trading 14.18 percent below its 52-week high and 59.38 percent above its 52-week low. Market capitalisation stands at Rs 13,256.30 crore.