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
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%. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
