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Satyam jumps, decent gains for other IT stocks

January 5, 2010

Shares in Mahindra Satyam gained 6.1 percent on Tuesday to close at 106.05 rupees. IT stocks in general posted decent gains, boosting the BSE IT Index 0.4 percent.

Shares in Mahindra Satyam have notched good gains, rising over 8 percent this year. Its shares had hit a low of 11.5 rupees almost a year ago after the then chief, R Raju, had confessed that the company’s profits had been overstated for years.

Other stocks like Financial Technologies gained 4 percent while Aptech ended 2.5 percent higher. Wipro gained 1.6 percent and Infosys ended marginally in the green.

What’s your favourite bet in this sector currently?

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