Moneycontrol
Last Updated : Jul 03, 2013 06:15 PM IST | Source: CNBC-TV18

Hold Mahindra Satyam: Rajesh Agarwal

Rajesh Agarwal, Head of Research of Eastern Financiers recommends to hold Mahindra Satyam and convert these shares to Tech Mahindra. Mahindra Satyam will not be available for trading tomorrow onwards.


Rajesh Agarwal, Head of Research of Eastern Financiers told CNBC-TV18, "Today is probably the last day that Mahindra Satyam is going to trade on the exchanges. From tomorrow the merger between Tech Mahindra and Satyam would take place and considering the price right now I think there is arbitrage opportunity of around Rs 25 between Mahindra Satyam and Tech Mahindra. So I would suggest to hold onto Mahindra Satyam and convert these shares to Tech Mahindra."


"Post the merger this company is going to become one of the top five IT companies with revenues of around USD 2.7 billion and with a working force of around 84,000 professionals. This is going to be a big league in the leagues of Tata Consultancy Services (TCS) or Infosys. So I would suggest to hold on to the stocks and convert them into Tech Mahindra and continue holding for a price target of Rs 1,100-1,150 on Tech Mahindra," he added.

Also Read: Emerging Markets Sudan sells 86.24 Lk shares of Mah Satyam

First Published on Jul 3, 2013 06:15 pm
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