Thursday, December 18, 2008

Satyam stock price recovers slightly after big fall

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Satyam computers stock price recovered to 168 level after touching the 52 week low of 151 on NSE. This came after the company's announcement that it has cancelled the merger of Satyam with Maytas. Most analysts had recommended "sell" on the stock after the earlier announcement of Satyam-Maytas deal. Many had even questioned its corporate governance. Many said Satyam had dented investors confidence and the stock price will remain low for some time.

It is learned that The Satyam board is likely to meet on December 29 to consider a buyback.
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