Mumbai, March 13: Despite the much speculated stock-split in Satyam making some headway in the form of the company's decision to consider a split, the scrip on the BSE failed to buck the market trend on Monday and closed lower.Following on the BSE's desicion on Saturday to include the Satyam scrip in the benchmark BSE Sensex, the scrip opened the day's trading on a strong note at Rs 6348 and touched a high of Rs 6600.
But after the initial flares-ups, the stock, along with other infotech stocks faced a severe hammering on the bourses and was near the lower circuit level at Rs 5680. On Friday, the Satyam scrip closed at Rs 6150. After the news relating to stock split came in, the scrip regained some lost ground and finally closed at Rs 5810 with 17.35 lakh shares changing hands on the BSE.
Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.