Post Satyam scam more than 10000 employees needs to be relocated from Satyam which will be a less painful exercise than the pink slip syndrome.
Satyam as of now is in uptrend as it has broken the channel in which it was moving and this breakout has occured with volumes and thus one can see this Indian stock nearing the levels of Rs 75 in a time frame which is dependent on the health of broader stock market. However remember that Stock is tainted and in case it falls below the level of Rs 46.9 than feel free to exit out of the stock.
Good News is that Morgan Stanley has upgraded India to ‘overweight’ and sees Sensex target at 19500.
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