IT may outperform; buy Wipro, Mahindra Satyam: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IT is likely to outperform and actually go up even if the Nifty goes down, so it is not a fresh pick. Wipro and Mahindra Satyam are at this point going through minor dips and are buying opportunities."

Wipro closed at Rs 347.45, up Rs 4.40, or 1.28 percent. It has touched an intraday high of Rs 349.00 and an intraday low of Rs 341.10
The share touched its 52-week high Rs 462.85 and 52-week low Rs 315.30 on 05 April, 2013 and 31 May, 2013, respectively. Currently, it is trading 24.93 percent below its 52-week high and 10.2 percent above its 52-week low. Market capitalisation stands at Rs 85,597.61 crore.