Satyam Shares

Mahindra Satyam shares surge after earnings

Mumbai: Shares of Mahindra Satyam on Friday soared about 10 per cent following its posting over 56 per cent jump in net profit for the quarter ended June 30.

Boosted by the robust earnings, shares of the company opened firm and as the trade progressed it surged 9.8 per cent to a 52-week high of Rs 91.85 on the BSE. At the NSE, the scrip gained 9.67 per cent to one-year high of Rs 91.85.

On the volume front, 45.44 lakh shares of Mahindra Satyam changed hands on the BSE, while over one crore shares were traded on the NSE. Similarly, Tech Mahindra rose by 7.31 per cent to Rs 772.7 on the BSE.

"Mahindra Satyam reported strong set of Q1 FY'13 numbers, beating street expectations across the board," Ankita Somani Research Analyst IT & Telecom said....more    

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