BANGALORE (Reuters) – A sharp surge in the shares of Satyam Computer Services means its new parent will likely need a second preferential issue to gain a majority stake in the company at the centre of India’s biggest corporate fraud. Tech Mahindra won a auction in April for …
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Satyam may test Rs 95-96: Baliga
Posted on: June 11th 2009 in Stock Views.
Ambareesh Baliga of Karvy Stock Broking is of the view that Satyam can test Rs 95-96. Baliga told CNBC-TV18, “In Satyam you will have at least another one-two circuit before it comes off; assuming that the markets hold on at these levels. So, I think closer to Rs 95-96.” sou…
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