/ Saksoft Hits 20% Upper Circuit ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 27 December 2016


Saksoft Ltd is currently trading at Rs 270.45, up by Rs 45.05 or 19.99% from its previous closing of Rs 225.4 on the BSE. On December 15, the Board of Directors of the Company at their meeting held on 15 December 2016 have approved to acquire a 60% of stake in Dreamorbit Softech (Dreamorbit), a company based out of Bengaluru providing Technology Solutions to Logistics Industry. Consequent to the Board approval, the Company has executed the Share Purchase Agreement.

The scrip opened at Rs 225.2 and has touched a high and low of Rs 270.45 and Rs 215 respectively. So far 312797(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 234.98 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 474.3 on 13-Jan-2016 and a 52 week low of Rs 152 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 282.4 and Rs 223 respectively. The promoters holding in the company stood at 72.79 % while Institutions and Non-Institutions held 0.36 % and 26.84 % respectively. The stock is currently trading above its 200 DMA.
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