Mahindra Satyam ends flat in weak market

Mahindra Satyam ended flat (down 0.84%) at Rs 77.05. Around 19 million shares were traded at the BSE counter.

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Updated at 1442

Mahindra Satyam, formely known as Satyam Computer Services, is trading flat at the BSE, despite weakness in the broader market.

The stock is up marginally at Rs 78, and around 4.80 million shares have so far been traded on the BSE.

Tech Mahindra who acquired Satyam recently says that the new identity is expected to merge the expertise of two organisations and its people to create value services.

“This rebranding exercise symbolises an amalgamation of the Mahindra Group’s values with Satyam’s fabled expertise, even as it retains that part of Satyam’s identity which signifies commitment, purpose and proficiency of the organisation and its people,” Anand Mahindra, vice-chairman and managing director of the Mahindra Group, stated in a press release.

Meanwhile, Tech Mahindra has slipped over 1% to Rs 753.