Should we buy in satyam at this point...?
By sahyd2don
@sahyd2don (2942)
India
January 7, 2009 6:34am CST
yesterday when i saw satyams share price it was Rs 178 but today it came down to Rs 39
Should we buy it or its not good to buy a share of company which dont have account of 5 crore rupees.
1 response
@chennai_b02 (1735)
• India
8 Jan 09
Basically its a bluechip company, having the good name in the market till day before yesterday, after resignations of the directors also, still the people are recomend this scrip to buy at the rate of Rs.160/- to 170/- level..
Due to the Raju's lie in the report and his scam, the price has come down to this level (it has come down to around 80% lower than the previous day's closing)
So, there is a following possibilities are there..
a) some of the big companies like Infosys or Wipro should take over this company and proceed its functions in further
or may be L & T or some other companies are also having the possibility to take over this company and help the share holders at least in the long run.
b) Government also can take some initiative to keep this situations to become alright soon, and helps the investors, especially the small investors..
c) Or else the company will come to and end the company will get it closed.. all the share holders will accept the losses of the money what ever they invested..
But there is a possibility that, mr.Raju is holding only less than 8% of the holdings, but the remaining 92% of the share holding is in the hands of the other invtitutional investors and the Mutual funds and other investors.. so, by keeping this 92% of the share holders the amicable situations will be come soon..
We are especting..
All the very best to you.. Keep posting.. Enjoy mylot.