Hi Friends,
As you know that more than 14 crore Satyam shares were traded on Wednesday as the stock price at close was Rs 39.95, down by 77.7%.
Aberdeen Asset Management, one of the largest investors in Satyam, has offloaded its entire shareholding of about 5.6% in the firm. The shares have been sold at a price of between Rs 41-43. Other institutional shareholders have also exited the IT services firm after Satyam Chairman Ramalinga Raju resigned saying he falsified earnings and assets.
It appears a large number of retail investor got trapped and don't seem keen on booking losses.
Let's discuss the strategy for retail investors to minimize their losses.
CAclubindia
