Remain invested in Mahindra Satyam: Tulsian

Remain invested in Mahindra Satyam with a view of 6 to 12 months, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "On Mahindra Satyam one should keep a view of 6 to 12 months because if you go by the financials of the company, the company has been able to maintain their topline, which is placed at around Rs 1,250 crore translating on a topline of about close to Rs 5,000 crore plus crossing USD 1 billion plus. The only concern or the focus, which now the management will be doing more on the margin management, which they have been able to succeed also. We have margin getting improved maybe 2% - 6% plus and the company has ample cash with them which is to the extent of about Rs 1,000 crore plus." He further added, "If you go by the comparative analysis with any other frontline IT companies you have your top line in place, you have your customers in place, now attrition is not a problem. Even the wage hike seems to be in line with the industry. So taking all this into consideration, share has a good long term potential. One can remain invested with a view of 6 to 12 months and again expect a price of at least about Rs 85 to Rs 90 in this period."