At 11:40 am, Patni Computer Systems is quoting at Rs 392.25, and up Rs 28.30, or 7.78%. It has reached an intraday high of Rs 403.90 and low of Rs 379. The company has shown good performance in the past. The guidance for the next quarters is also good.

The company issued a statement recently that the margins have improved and the guidance will be met easily. The company has acquired some new clients as well. There are rumors that the company may buy stake in some European Company. The Company sources have denied to comment on the issue.

The counter has done volumes of 100,116 shares. On Friday, its share closed down at Rs 363.95, 5.42%.

Patni Computer Systems Ltd., is a provider of Information Technology services and business solutions. The company has 23 international offices across the Americas, Europe and Asia-Pacific, as well as offshore development centers in 8 cities in India. It’s clients include more than 200 Fortune 1000 companies. Patni has registered revenues of US$ 568 million for the year 2006.