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Monday, January 12, 2009

Avoid Satyam, stick to top 3 IT

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Nilesh Shah of Envision Capital said Infosys may not underperform till full year numbers are out. "The outlook is better given the current environment.

Commenting on the recent developments in Satyam, he said there is no case for a positive view on Satyam despite the rescue moves. "We may see trading moves in Satyam, but have no fundamental view on the stock. We feel investors should avoid Satyam and stick to other top 3 in IT players."

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