India Infoline’s Views on The Satyam Stock
(10 votes, average: 4.40 out of 5)
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Dwindling at an all time low of Rs. 23, the Satyam stock may seem like a good buy for some investors at such a pitiable price. Here is what India Infoline CMD Nirmal Jain feels about the same,
We won’t buy any stock as the company can go bankrupt. I am surprised that trading in Satyam is still continuing.
He feels money was siphoned off from Satyam. “The Satyam fraud is likely to be a case of collusion, not negligence. It is difficult to believe that Ramalinga Raju was the only one involved in scam.”
So Satyam is a strict no-no according to Mr. Nirmal Jain’s views. What do you feel about his views? Anyone begs to differ?
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Thanks for the stock prediction on Satyam!
no satyam is a faily a gud stock to buy…
as it has appointed new chairmen and CFO … so i’m expecting stability in satyam saga.