See better performance in Tech Mahindra: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "Tech Mahindra will emerge amongst the top four companies. Market was very apprehensive for this merger of Mahindra Satyam with Tech Mahindra, because the permissions were not coming from Andhra Pradesh High Court. All these hurdles having got cleared, one needs to keep an eye on Tech Mahindra, because now there is no upside potential seen in Mahindra Satyam. Ultimately, everything will be decided on a conversion ratio of 2 shares for 17 shares held by the investors in Mahindra Satyam."

He further added, "If Tech Mahindra continues to go up the same effect will be seen in the Mahindra Satyam also. So long-term effect on Tech Mahindra and considering the organisational restructure and ambitious plan which the company has given will definitely be taking this company ahead of Wipro." "So, one can take a call - after Tata Consultancy Services (TCS), Infosys and HCL Tech, fourth will be the preference for Tech Mahindra. And definitely we will be seeing the PE expansion and the earnings growth which will eventually result into the better price performance of the share of Tech Mahindra on a longer horizon of maybe about six-eight months," Tulsian said.