PN Vijay view on Mahindra Satyam

Mahindra Satyam cannot be assessed just like any midcap IT stock based on its balance sheet and client acquisition, says PN Vijay, Portfolio Manager.

Vijay told CNBC-TV18, "Mahindra Satyam cannot be assessed just like any midcap IT stock based on its balance sheet and client acquisition because on that count one would probably buy it after the beaten down price because the client focus is back and the deliverables are in place and Mahindra is supporting in strong management."
He further added, "On the other hand there are lot of balance sheet related imponderables like the one we saw yesterday when there was a huge claim in the US court for Raju related, scam related things. There are still some issues with US stock exchanges. There is still a settlement in London. There are big issues in India with the serious fraud