Aug 03, 2012, 11.53 AM IST

Satyam shares surge after earnings, Tech Mahindra up

Satyam Computer Services jumps 8.7%, after hitting as high as Rs 91.85, its highest since July 21, 2011.

Source: Reuters
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Mahindra Satyam (Satyam Computer Services) jumps 8.7%, after hitting as high as Rs 91.85, its highest since July 21, 2011.


Gains come after the software services exporter beat analyst estimates with a 56.4% rise in quarterly profit after it won new business and got a boost from currency effects.


"The company continued to deliver operational exuberance with healthy volume growth," said Ankita Somani, an analyst at Angel Broking in a note.


Satyam Computer Services, is in the process of merging with parent Tech Mahindra .


Tech Mahindra gains 6.6%.


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