Satyam shares surge after earnings, Tech Mahindra up

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%.