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May 18, 2012, 02.56 PM IST
Mahindra Satyam, a part of Mahindra group, rose as much as 7.8% intraday to hit a high of Rs 72 on Friday as the company reported a better than expected growth of 73.38% quarter-on-quarter in its consolidated net profit of Rs 534 crore for the fourth quarter of FY12 due to one time gain.
Mahindra Satyam , a part of Mahindra group, rose as much as 7.8% intraday to hit a high of Rs 72 on Friday as the company reported a better than expected growth of 73.38% quarter-on-quarter in its consolidated net profit of Rs 534 crore for the fourth quarter of FY12 due to one time gain of Rs 109 crore during the quarter. Analysts on average had expected net profit at Rs 220 crore.
At 14:40 hours IST, the share was trading at Rs 69.85, up 4.57%. Market capitalisation of the company stands at Rs 8,219.93 crore.
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