According 2 me reason will b lik dis....Satyam`s q2 numbers hav shown 8 % rise in revenue( as per sources of cnbc-tv18)& bth r going 2 merge in near future...
Its because of Mahindra Satyam who added 35 new clients and lost only 3 since they took over and even they are going to sort out Upaid issue before jan`2010.
Untill Satyam`s financial books reveal the picture giving the details of the depth of financial mess it is premature to bet on both Satyam and Tech Mahindra..
It looks like Company will come out with QIP and that is why share price is moving up. Tech Mahindra has to repay loans taken for Satyam`s acquisition otherwise interest will dent its profitability, as such BT margins are shrinking. It is likely that the Board meeting to open QIP will be called soon and the price will touch 1200...Hope for the best..
| NIFTY 
