Mahindra Satyam is currently trading at Rs. 120.75, up by 4.75 points or 4.09% from its previous closing of Rs. 116.00 on the BSE.
The scrip opened at Rs. 117.00 and has touched a high and low of Rs. 121.85 and Rs. 116.65 respectively. So far 514715 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 131.20 on 28-Mar-2013 and a 52 week low of Rs. 75.15 on 26-Jun-2012.
Last one week high and low of the scrip stood at Rs. 121.85 and Rs. 111.90 respectively. The current market cap of the company is Rs. 14229.72 crore.
The promoters holding in the company stood at 42.63% while Institutions and Non-Institutions held 39.45% and 17.92% respectively.
Two weeks after receiving approval from the Andhra Pradesh High Court, software firm Mahindra Satyam, a leading global consulting and IT services provider, on Tuesday formally announced its merger with Tech Mahindra, creating India’s fifth-largest IT services firm.
The boards of two companies had approved the merger on March 21, 2012. After an approval from Mumbai high court, the merger had been awaiting clearance from the Andhra Pradesh High Court, which was received on June 11, 2013.
However, the formal merger process, which was initially expected to take two months, was completed much earlier since the stakeholders who were against the merger failed to raise any more concerns on the companies’ amalgamation post the nod from the AP court. After this merger, Satyam will formally stop trading on stock exchanges on July 5.
As per the scheme of arrangement, Pune-based Tech Mahindra, which owns close to 43% of Satyam, will be offering one share in for every 8.5 shares of Satyam to absorb the company. Further, Tech Mahindra’s management has also confirmed that no employee will be sacked due to the merger, and the combined total headcount would be around 84,000, with the entity generating revenues of around $2.7 billion, servicing 540 customers across 46 countries.
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.
| Company Name | CMP |
|---|---|
| TCS | 3839.35 |
| Infosys | 1416.45 |
| HCL Tech. | 1347.85 |
| Wipro | 456.85 |
| Tech Mahindra | 1249.65 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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