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Satyam Computers Stock Rises over 8%

By Bodhisattva Banerji     Dec 29, 2008 in Business
It's all not so bad news for Satyam Computers. The Indian software giant today experienced a huge rise in its' stock prices even as general mood remains somewhat unfavorable after the World Bank banned the organization.
Satyam Computers stocks made a huge impact on the Indian stock market when its' stock prices soared up to almost eight percentage, today. The company not long ago suffered a significant blow when the World Bank banned the organization for a span of no less than eight years.
Today's soaring up of its' stock prices however, will most probably assure the stock-holders as well as company mandarins in a major way, as expected by the market analysts. The soaring up of the stock prices took effect soon after the news of a possible change of guard for the company started making rounds. However, as it has been pointed out by various sources that this news may not have any truth in it. In that case, assuming the exact reasons for which the company stock prices did soar up will be a really difficult job.
The news that according to many is not anything else than a rumor said, that, the chairman B Ramalinga Raju had been in the effort of diluting his whole stake. Presumably, as the rumor said this diluting would be followed with handing over the company management to a complete new and different faces. These faces, as per the rumor, are some of the best managers of the industry. And therefore, in all probabilities the shareholders are of the opinion that the company will experience a boost in its' activities.
At around 12.15 PM today, the Satyam Computers shares were busy trading at a 7.4% higher level at INR 145.80. The industry experts were quick to point out to the fact that the scrip has already been over 10% lower in comparison to the prices of last week.
More about Satyam computers, Stock price, India, Software giant, World bank
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