Buy Mahindra Satyam on dips: Anu Jain

Buy Mahindra Satyam on dips, says Anu Jain, Sr Vice President - IIFL Private Wealth Management.

Jain told CNBC-TV18, "Mahindra Satyam has given a breakout post the whole issue of merger and both Tech Mahindra and Mahindra Satyam have been moving very well. It has consolidated in that sense, going up to Rs 80 and coming back to about Rs 76."
She further added, "If I were to give a probability, it has probably got a 90% probability plus of going back to those Rs 94-96 levels, which it had done about a couple of months back. It has got support in that Rs 77 zone, so you can pick it up here on dips. But I think in the shorter-term, it is poised towards Rs 87 slightly longer-term probably Rs 94. I would say probably it can be bought in tranches but I think it is going to give a good move ahead."