Satyam soars 12 percent ahead of annual earnings in two years
September 22nd, 2010 - 4:22 pm ICT by IANSMumbai, Sep 22 (IANS) Shares of Satyam Computer Services, now renamed Mahindra Satyam, soared over 12 percent Wednesday, a week ahead of the disclosure of audited financial results for the past two fiscals.
Post the takeover of the scam-hit Satyam Computer Services, the Mahindra group had asked for more time to audit financial data during 2009-10 and the previous fiscal.
The data is to be declared Sep 29.
At the Bombay Stock Exchange, the Satyam Computer Services scrip rose 12.33 percent to touch the intra-day high of Rs.107, compared to its previous close at Rs.95.25.
The stock of Tech Mahindra, the IT arm of Mahindra and Mahindra group, too was up 8 percent at Rs.786.15, having touched an intra-day high of Rs.786.30. It had closed Tuesday at Rs.727.95.
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Tags: bombay stock exchange, disclosure, earnings, mahindra and mahindra, mahindra group, satyam computer services, scrip, soars, takeover