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Mahindra Satyam rises on inaugurating its Fargo Delivery Centre

Mahindra Satyam Ltd. (Amalgamated) | IT - Software | IT & ITES | BSE: 500376 | NSE: SATYAMCOMP

20 Jun 2012 Evaluate

Mahindra Satyam is currently trading at Rs. 77.05, up by 0.20 points or 0.26% from its previous closing of Rs. 76.85 on the BSE.

The scrip opened at Rs. 77.05 and has touched a high and low of Rs. 77.05 and Rs. 76.60 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 94.20 on 05-Jul-2011 and a 52 week low of Rs. 62.10 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 78.50 and Rs. 75.75 respectively. The current market cap of the company is Rs. 9,067.00 crore.

The promoters holding in the company stood at 42.64% while Institutions and Non-Institutions held 27.84% and 29.51% respectively.

Mahindra Satyam, a leading global consulting and IT services provider, has inaugurated its new delivery centre in Fargo, North Dakota. The company intends to develop Fargo as a near-shore delivery location, offering innovative solutions in Business Processes and Infrastructure Management Services sector and IT Services.

Mahindra Satyam will share space with Cargill’s Global Business Services Center in Fargo. Cargill, the international producer and marketer of food, agricultural, financial & industrial products and services major had earlier selected Mahindra Satyam as their business service provider in North America. Together, both the companies will create a regional delivery hub in Fargo.

With Mahindra Satyam’s domain expertise and customer base, the company will be able to strengthen its ability to address evolving market needs by establishing this center. Fargo is seen as a strategic location for the company, in terms of resource availability and competency development. Besides, the near-shore delivery centre model has been quite successful for Mahindra Satyam and its clients. The company has near-shore delivery centres in Europe, the United Kingdom and now in North America.

Mahindra Satyam is a global business consulting and information technology service company leveraging deep industry and functional expertise, leading technology practices and a global delivery model to help business transform their process and improve performance.

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Peers

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Mahindra Satyam rises on inaugurating its Fargo Delivery Centre

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