Hold Mahindra Satyam With Stop Loss Of Rs 84

Hold Mahindra Satyam With Stop Loss Of Rs 84Stock market analyst Kunal Saraogi is of the view that investors can hold Mahindra Satyam Ltd stock to reap gains in the coming days.

According to analyst, the investors can buy the stock with strict stop loss of Rs 84.

Today, the shares of the company opened at Rs 91.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 128.35 and a low of Rs 71 on BSE.

The company's directors are said to have given its back-office division in-principle nod to set up platform-based BPO capabilities via acquirements.

This results in a major turnaround in the script of the former Satyam Computer Services that was on the brink of being consigned to the archives in 2009.

Presently, the plan is clearly centered on making up for lost ground as well as time.

Mr. Vijay Rangineni, CEO of Mahindra Satyam BPO, stated, "We are being choosy about how we want to establish the platform-based practice. The company is open to both organic and inorganic routes to establish a platform BPO practice which could be used to deliver services to customers using the cloud."