WILL SATYAM COMPUTER TEST RS. 100
SATYAM COMPUTER stock price crashed another 14% on reports of Wipro’s denial to buy stake in the company.
Satyam computer’s share price has fallen nearly 40% since the company called off the deal to buy stake in the MAYTAS (owned by the promoter family) The stock has seen huge volumes since then and the investors and the trader have been selling the shares in market, if one has to go by the market rumors the stock may plunge to sub Rs.100 levels.
Fundamental analyst says the counter may have seen the steep fall and at current market price of 140 the stock seems to be attractive investment. But they also have a view that the stock price may rise only if there is any change in the satyam’s top management.
Analysts feel technically the stock has good support near Rs.140. below which the stock may see further fall