Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Only IT stocks are giving buy signals now; base building, head and shoulder bullish, breaking out."
He further added, "Mahindra Satyam is a buying opportunity; it is not in the Futures and Options (F&O) segment. Buy it in cash. However, the trade is to go long and if one gets lower price today then there is no harm in buying it."
At 09:50 hrs Mahindra Satyam was quoting at Rs 117.20, up Rs 0.75, or 0.64 percent.It has touched an intraday high of Rs 117.35 and an intraday low of Rs 115.00.
The share touched its 52-week high Rs 131.20 and 52-week low Rs 76.65 on 28 March, 2013 and 26 June, 2012, respectively. Currently, it is trading 10.67 percent below its 52-week high and 52.9 percent above its 52-week low. Market capitalisation stands at Rs 13,798.25 crore. Also Read: Will complete Tech Mah, Satyam merger in 8 weeks: Nayyar
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