Indian Tech Stocks
Some Indian Tech stocks seem to have taken a slump. The companies include Satyam Computer (ADR) (Public, NYSE:SAY), and Wipro Limited (WIT). Satyam Computer (SAY) was trading at 23.70 in after hours. The company's stock opened at $23.69 and has a beta of 1.98. The Earnings Per Share (EPS) of Satyam Computer (SAY) stand at $.89. Satyam's third quarter results were below expectations and the stock nosedived by as much as 5%. For quarter ending December 31, 2006, Satyam's consolidated net profit declined by 21.49% to INR 377.23 Crores. Wipro Limited (NYSE: WIT) traded at $16.80 down 2.33%.
Cognizant Technology Solutions Corp. (CTSH), Infosys Technologies Limited (INFY), and Patni Computer Systems Limited (PTI) are some of the few Indian Tech companies that moved up. Infosys Technologies Limited (INFY) traded at $56.13 - up .12%. Cognizant Technology Solutions Corp. (CTSH) moved .58% - a $47, and was last traded in after hours at $81.66. The stock opened at $80.47 and reached as high as $81.75, before settling at $81.66. Patni Computer Systems Limited (PTI) last traded at $20.51, up .10%.
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