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

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%.