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Sell it off right now:
IT in itself isn't really growing well. The dollar is weakening and that would continue to hurt the export related industries. Even among the IT firms, Satyam has been among the weakest stocks for the last few months. It was attractive only during the Mahindra buyout time. Keeping money locked into satyam doesn't make financial sense right now.
Give the positive strength of the market based upon extremely good fundamentals (esp. compared to global markets) there are plenty of other options where you can get good returns with lesser risk. With a good horizon, infra stocks can yield good returns. Telecom is bound to grow a lot. Airtel having expanded its business verticals seems a good choice. Pharma is also seeing a lot of activites. Cipla is a good buy. Cadila has grown a lot in the last year.
So with plenty of choices around, why go with a ugly duckling.