Mahindra Satyam hits 52-wk high on Goldman Sachs buy report

Mahindra Satyam touched a new 52-week high of Rs 131.20 on Thursday, rising nearly 4 percent after Goldman Sachs recommended a buy rating on the stock.

According to the report, the stock has a target price of Rs 153.

Shares rallied 2.33 percent to Rs 129.30 at 10:32 hours IST, continuing upmove for the second consecutive session.

In the previous trading session, the share surged 3.14 percent to Rs 126.35. 
 
The stock rallied more than 10 percent in past one month and 64 percent in one year.

Earlier the share touched its 52-week high Rs 131.20 and 52-week low Rs 70.65 on 19 March, 2013 and 17 May, 2012, respectively.

Trading volumes increased 8 percent to 4,73,930 equity shares as against five-day average of 4,38,488 shares.

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