Book profit in Satyam

Initial Sell call, then Buy call and again Sell Call. This what the recommendations of Investchips on Satyam in the last couple of weeks. But the events unfolded in the Satyam can’t be summarised as simple as above. Satyam board wanted the company that wants to buy Satyam, should do so by preferential shares route rather than open market purchase. What it means that the existing shareholders would not benefit from this action in short term as willing acquirer may not increase their stake through open market . Investchips also recommends selling of Spice Communications as going is not well for this company and operators could not be able to sustain the momentum.

WWIL, Dish TV and Polaris may appreciate as market is expecting some stock specific news on these three.

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