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Mahindra Satyam soars on commencing construction of IT development centre

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

28 Sep 2012 Evaluate

Mahindra Satyam is currently trading at Rs. 111.25, up by 2.25 points or 2.06% from its previous closing of Rs. 109.00 on the BSE.

The scrip opened at Rs. 109.50 and has touched a high and low of Rs. 111.50 and Rs. 109.05 respectively. So far 720668 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 111.50 on 27-Sep-2012 and a 52 week low of Rs. 62.15 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 111.50 and Rs. 104.45 respectively. The current market cap of the company is Rs. 13086.91 crore.

The promoters holding in the company stood at 42.64% while Institutions and Non-Institutions held 29.32% and 28.04% respectively.

Mahindra Satyam, a leading global consulting, IT services and Engineering Solution provider, has commenced construction of its IT development centre during the ground breaking ceremony in MIHAN SEZ, Nagpur.

As part of expansion program, the company will set up 1000 seat capacity IT development centre with an initial investment of about Rs 80 crore. The Phase-I of the campus would be operational within 15-18 months period and as per the master plan for expanding operations in Nagpur in a phased manner.

The company has also announced the expansion at Bhubaneswar (Odisha) to expand the existing campus.

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

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Peers

Company Name	CMP
TCS	2573.90
Infosys	1310.50
HCL Tech.	1427.50
Wipro	202.55
Tech Mahindra	1500.60
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Mahindra Satyam soars on commencing construction of IT development centre

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