Business Standard .. Satyam net up 12% to Rs 121 crore -
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Published on: 7/24/2003
Last Visited: 7/24/2003
"The outlook has boosted the stock, one can't be negative at the bottom of the cycle," Chetan Shah, software analyst with Quantum Securities.
Satyam's shares have risen about 10 percent in the past three months, tracking a similar increase in Bombay's Information Technology index but underperforming a 22 percent surge in the broader Bombay 30-share index.
Satyam, based in the southern technology hub of Hyderabad, was set up more than a decade ago by Chairman Ramalinga Raju, whose technology start-up has overwhelmed his family's small textile and construction business with high growth.
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