Buy Mahindra Satyam on every dip, says Anu Jain

Buy Mahindra Satyam on every dip, says Anu Jain of IIFL Private Wealth Management.

Jain told CNBC-TV18, "I have been bullish on Mahindra Satyam since the time it was at Rs 68-69. It has given a fresh breakout again on the way it closed on Friday and probably prices are reflecting the news, which has come out today. But at Rs 84.65 as long as it holds on to Rs 82 from where it has broken out, I think you are poised towards Rs 91 level."
She further added, "It looks good to pickup on every dip even for a longer perspective, so as an investment stock also we are looking at buying it for a longer period. But just to play the short-term, for 5-10%, I think as long as it’s holding Rs 82 it is definitely into a breakout zone."