Mahindra Satyam crossed the Rs 10,000 crore in market cap after a long time of more than six months, infact after the scam (Founder Mr Ramalinga Raju fudged the balance sheet of Satyam). This market cap is higher than its parent company Tech Mahindra, reports CNBC-TV18's Anuj Singhal.

Here is a transcript of Head-Markets Research, Anuj Singhal’s comments on CNBC-TV18. Also watch the accompanying video.

It is essentially a journey about a company (Mahindra Satyam) which was a largecap company to heard became a smallcap company, in fact a micro cap company. From thereon again a midcap company and now bordering on to a tier II cap company. Its market cap was Rs 29,000 crore last year, even early this year it was Rs 12,000 crore then of course we had that big bombshell (Founder Mr Ramalinga Raju fudged the balance sheet of Satyam) and then we saw a big fall in market cap. In fact at its lows on January 9, when the scandal broke out, the market cap had tipped to lower than Rs 800 crore – it was Rs 775 crore from Rs 29,000. That was the extent of fall that we had seen in its market cap.

Of course on a closing basis that market cap was Rs 1,600 crore. From thereon there was a bit of a recovery and by February it had gone close to Rs 4,000 crore. On June 11 it had gone close to Rs 8,000 crore and today it is Rs 10,000 crore.

Now one thing to point out here is that it does not mean that the stock price had gone up so much. Due to a couple of differential issues the stock also went up, so that is also a reason. The stock price also has gone up from low of about Rs 22 to high of about Rs 85 odd but that was one factor. It is quite interesting that the market cap of Mahindra Satyam now is higher than that of Tech Mahindra, which of course is now the parent company.