Mahindra Satyam down 7% on L&T's stake sale
Mahindra Satyam slipped to a low of Rs 109 and finally ended at Rs 110, down around 7%. The counter witnessed trades of 46.44 million shares on the BSE as compared to the two-week daily average traded volumes of 7.23 million shares.
Larsen & Toubro on the other hand ended flat at Rs 1,643 and clocked volumes of 291,251 shares at the counter.
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(Updated at 1056hrs)
Mahindra Satyam has declined today following the news that Larsen & Toubro is selling a third of its 6.9% stake in the company.
The stock opened at Rs 114 and slipped in the negative zone to touch a low of Rs 109. The stock is now trading at Rs 112, down 5% from the previous close. The counter has clocked huge volumes of 35.53 million shares as compared to the two-week daily average traded volumes of 7.23 million shares on the BSE.
Larsen & Toubro on the other hand is trading flat Rs 1,651. The counter has witnessed trades of 94,903 shares on the BSE.
Click here to read more: L&T to sell a third of Satyam stake