Mahindra Satyam has support at Rs 100: Mohindar

Rahul Mohindar of viratechindia.com is of the view that Mahindra Satyam has support at Rs 100. The stock can go upto Rs 115 in medium term.

Mohindar told CNBC-TV18, “Mahindra Satyam moved up with a gap which gives it some room to correct and fill up so there could be this venerability that we head down to levels of Rs 100 but closer to Rs 100 there is good support. Bottomline I would say let us hold on to the stock give it a chance, there is a support at Rs 100 mark, keep a stop loss below it which means let say Rs 97 stop loss. A price target I would set out on the medium term would be closer to about Rs 115.”