Buy Mahindra Satyam at Rs 105 levels: PN Vijay

Portfolio Manager PN Vijay told CNBC-TV18, "Midcap IT is in a slightly difficult zone because of the unpredictable nature of profitability. Mahindra Satyam has corrected appreciably after touching close to Rs 130. It corrected all the way to Rs 102-103 and it is time for it to move up again. Most of its problems are out of the way, it is getting the traction in."

Vijay further added, "EBITDA margin has always been a problem for Satyam. But it has improved appreciably in the last few quarters. Mahindra Satyam is back in the reckoning. It used to be a great IT stock but then it lost its sheen for a considerable amount of time for reasons we all know. One could bet safely on Mahindra Satyam around Rs 105 to get the 20-25 percent return which one normally expects from an IT counter."