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    HomeNewsBusinessStocksSatyam shares surge after earnings, Tech Mahindra up

    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.

    August 03, 2012 / 11:53 IST
       
       
      26 Aug, 2025 12:21
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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%.

      first published: Aug 3, 2012 11:00 am

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