Mahindra Satyam cracks; I-T dept rejects plea for tax demand stay

Mahindra Satyam touched an intraday high of Rs 66.50 and an intraday low of Rs 65.05. At 09:43 hrs the share was quoting at Rs 66, down Rs 1.05, or 1.57%.

March 22, 2011 / 09:56 IST
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Mahindra Satyam touched an intraday high of Rs 66.50 and an intraday low of Rs 65.05. At 09:43 hrs the share was quoting at Rs 66, down Rs 1.05, or 1.57%.

The company tanked 3% as sources said IT department rejected company's plea for stay. Mahindra Satyam sought stay of Rs 503 crore tax demand, reports CNBC-TV18 quoting sources. It was trading with volumes of 304,568 shares. In the previous trading session, the share closed down 0.30% or Rs 0.20 at Rs 67.05. The latest book value of the company is Rs 19.52 per share. At current value, the price-to-book value of the company was 3.38.

Share Price Movement During The Last 12 Months
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days67.4566.00-1.45-2.15
5-Days67.0566.00-1.05-1.57
7-Days66.9066.00-0.90-1.35
15-Days62.5566.003.455.52
1-Month61.1566.004.857.93
3-Month69.0566.00-3.05-4.42
6-Month95.2566.00-29.25-30.71
9-Month85.9066.00-19.90-23.17
1-Year96.8066.00-30.80-31.82
first published: Mar 22, 2011 09:47 am

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