Shares of this IT company zoom 13.84% in a day and hits a 52-week high

Shares of this IT company zoom 13.84% in a day and hits a 52-week high

by 5paisa Research Team Last Updated: Apr 25, 2023 - 05:40 pm 586 Views
Listen icon

Shares of this company gained 145.11% in the last one year

Saksoft Ltd, a group ‘B’ stock of BSE, has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 85.39 on 26th April 2022 to Rs 209 on 25th April 2023, an increase of 145.11% in the one-year holding period.

Recent performance highlights 

In the recent quarter Q3FY23, on a consolidated basis, the company’s net profit increased by 33.05% YoY to Rs 19.86 crore. The company’s net revenue increased by 37.93% YoY to Rs 171.68 from Rs 124.47 crore. 

The company is currently trading at a PE of 29.6X against the industry PE of 32.8x. The company delivered an ROE and ROCE of 21.9% and 26.2%, respectively. The company is a constituent of Group B stocks and commands a market capitalization of Rs 2,205 crore. It has a face value of Rs 1. 

Company Profile 

Information technology firm Saksoft offers clients in a range of sectors services and products for digital transformation. Saksoft has offices across the world, namely in America, Europe, and the Asia-Pacific. Application development, data analytics, cloud computing, and cybersecurity are among the services offered by the business. It has a domain presence in Fintech, Retail E-Commerce, Tele Communication, Health Care, Transportation & Logistics, and Public Sector. Promoter has 66.86% of the total shareholding. 

Growth Drivers 

The services offered by the company include Business Intelligence Applications, Data Warehousing, Data Integration, Application Migration and Solution frameworks.  

Share price movements 

Yesterday the share of Saksoft Ltd closed at Rs 183.80, today it opened at Rs 184.15 and touched a high and low of Rs 214.70 and Rs 183.35, respectively at BSE. It has closed around Rs 208.65, So far 4,52,095 shares were traded on the counter. Today it has touched a 52-week high of Rs 214.70. Over the past month, shares have gone up by 46.72%. 

Share Market Today


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd.

Dixon Technologies to Manufacture Xiaomi Phones at Noida Plant

In a transformative move to enhance local smartphone manufacturing, Dixon Technologies (India) Ltd. has inaugurated a smartphone manufacturing plant in Noida.

JSW Group acquires 35% in MG Motor India, a SAIC subsidiary

On November 30, JSW Group announced a joint venture (JV) with SAIC Motor Corp. Ltd, the parent company of MG Motor India.