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This is an archive article published on January 3, 2011

Patni Comp stock ends volatile day down

When the deal to sell Patni Computer looked like floundering,the stock plummeted.

When the deal to sell Patni Computer to iGate-Apax consortium looked like floundering,the stock plummeted.

Trimming its initial losses,Patni Computer Systems today ended the day with a loss of 1.48 per cent at Rs 469.60 on the Bombay Stock Exchange.

However,it is still not clear why iGate refused to announce the deal where it would buy a majority stake in the strife-torn Indian IT behemoth.

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During the day,the stock had dipped by 3.67 per cent to hit an intra-day low of Rs 459.15.

On the National Stock Exchange,Patni stock closed at Rs 469.55,down 1.46 per cent.

In terms of volume,over 17 lakh shares of the IT firm were traded on the two bourses.

Meanwhile,the BSE 30-share Sensex finished the day at 20,561.05,up 51.96 points.

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