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Tech Mahindra, Mahindra Satyam gain on Mahindra-Cisco deal

March 8, 2011

Engineers attend to calls from abroad inside a call center in Gurgaon on the outskirts of New Delhi December 3, 2003. REUTERS/Kamal Kishore/Files

Shares of Mahindra group firm Tech Mahindra jumped 9.26 percent to 739 rupees, while outsourcer Mahindra Satyam rose 3.7 percent to 64.90 rupees after an agreement between Mahindra group and Cisco Systems was announced.

Mahindra group is partnering with U.S. telecom equipment maker Cisco Systems to provide a range of services including cloud computing.

For the year, Tech Mahindra has fallen over 25 percent while Mahindra Satyam rose over 20 percent.

Do you think there will be more upside for Mahindra Satyam after the Cisco alliance?

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