Satyam bucks weak trend on strong Q2 expectations

DALAL STREET SPIKES

The Satyam computer scrip withstood Wednesday's subdued trend in the market by gaining 0.89 per cent to Rs 557.45 on expectations of impressive Q2 results. Around 30 lakh shares were traded on the BSE on Wednesday.

The company whose results would be declared on Wednesday will also consider declaration of interim dividend. Brokers are quite optimistic about Satyam's Q2 results and expect a sequential growth in the range of 10.9 per cent to 14 per cent in their consolidated net profits.