Investors have lost a whopping Rs 13,600 crore (USD 2.82 billion) in Satyam shares in less than a month, since the skeletons started tumbling out of the company's cupboards.
The market capitalisation of Satyam fell to Rs 1,607.04 crore from Rs 15,262 crore at the end of trade on December 16, 2008, the day when Satyam announced an USD 1.6 billion acquisition deal of two firms promoted by the kin of IT firm's former chairman Ramalinga Raju. However, the company aborted the deal hours later after the investors dissent.
1 comments:
Hi,
Once again after crash Nifty has started going up. Now we suggest all rises should be used as an opportunity to exit old long positions.
This bull run will continue for few more days. Overall market is in bearish mood as in medium term its just a small rally due to short covering
and result season.
Happy Trading,
ShareGyan
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