Satyam may see big rerating after merger with Tech Mahindra: Ambit Capital
Satyam's merger with Tech Mahindra will move it into a different scale, Ambit Capital's Andrew Holland said. The stock's valuations are at too much of a discount.
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| Updated: In part of a longer interview with ET Now, Andrew Holland, CEO-Investment Advisory, Ambit Capital Ltd, shares his view on Satyam Computers.
ET Now: What are your absolute return multibagger ideas at these levels? I am using the phrase ‘multibagger’ on purpose because I genuinely want to get some multibagger ideas from you.
Andrew Holland: There are always many of them, but I will pick out one. We consistently said that we look down at the IT sector and the one that we were focusing on is Satyam.
We think that the merger with Tech Mahindra moves it up into a different scale. They have had great results and we think that the valuations are too much of a discount to some of the larger ones. You will see a big rerating once that merger goes through. So, that would be one which we have been buying and would continue to like.
Read full interview here
ET Now: What are your absolute return multibagger ideas at these levels? I am using the phrase ‘multibagger’ on purpose because I genuinely want to get some multibagger ideas from you.
Andrew Holland: There are always many of them, but I will pick out one. We consistently said that we look down at the IT sector and the one that we were focusing on is Satyam.
We think that the merger with Tech Mahindra moves it up into a different scale. They have had great results and we think that the valuations are too much of a discount to some of the larger ones. You will see a big rerating once that merger goes through. So, that would be one which we have been buying and would continue to like.
Read full interview here
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