Patni Computers is one of the stocks that Investors must avoid due to Managements Lack of Faith in its company and they want to SELL out and run away, Jeez! why invest in them ?
Anyway, JP Morgan has downgraded the stock and here is what it has to say,
the recent share price run factors in improved margin profile and incrementally positive business outlook. Further, we still believe Patni will lag larger players and even most mid-cap players on growth in 2010. In our view, the stock has moved up ahead of fundamentals due to an expected stake sale by promoters. It is difficult for us to know if the stake sale is indeed happening (the company has denied it) and fundamental upside appears limited
