Technical analyst Ashish Chaturmotha of IIFL Wealth has maintained 'buy' rating on Mahindra Satyam Limited stock with an intraday target of Rs 68.

According to analyst, the investors can buy the stock with a stop loss of Rs 61.

The stock of the company, on March 03, closed at Rs 63.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 113.80 and a low of Rs 55.50 on BSE.

Close on the heels of a settlement of a class action complaint in the United States for $125 million, Mahindra Satyam is planning to take legal action against the ex Satyam administration and the company's former auditor PriceWaterhouse for a potential monetary damages claim.

Mahindra Satyam is considering moving the courts both in the domestic country as well as the US. This will assist the Indian company lower its financial burden bobbing out of the suit.

Mr. Vineet Nayyar, Chairman, Mahindra Satyam stated, "We are looking at the possibility of suing Ramalinga Raju and PwC as they were party to the scam that resulted in security fraud and litigation. PwC was not only negligent but also colluded in it as it did not do its job for so many quarters."

In addition, Mahindra Satyam stated that its BPO division, Mahindra Satyam BPO, had revamped its subsisting dealwith NAVTEQ, the worldwide supplier of digital map data, to offer up broad portfolio of geospatial services for a further time period of 2 years.