It is a very interesting situation with satyam stocks. It was hovering around 90s when our stock market surged to great levels. Now with the announcement of restatement dates, it peaked to 15% but coming down to previous levels due to recent announcement of delisting in NYSE.
Now few questions
Was the 15% surge a trap ?
Why was it delisted from stock market? Non compalince of proving 5 years quarterly data before the deadline?? Or too much scrutiny of restated accounts by NYSE?
Are the stock price being lowered due to merger with tech mahindra?
Above all, should i invest them in current levels?