Saksoft surges on fund buying

Saksoft surged 9.6% to Rs 296.40 at 10:47 IST on BSE as Equity Intelligence India bought 55,858 shares of the company at Rs 267.34 per share in a bulk deal on the NSE yesterday, 27 December 2016.

Meanwhile, the S&P BSE Sensex was up 91.68 points or 0.35% at 26,305.12.

On the BSE, 1.13 lakh shares were traded on the counter so far as against the average daily volumes of 11,318 shares in the past one quarter. The stock had hit a high of Rs 315.90 and a low of Rs 287 so far during the day.

The stock had hit a record high of Rs 474.30 on 13 January 2016 and a 52-week low of Rs 152 on 22 November 2016. It had outperformed the market over the past one month till 27 December 2016, advancing 56.24% compared with the Sensex's 0.39% fall. The scrip had also outperformed the market in the past one quarter, surging 24.06% as against the Sensex's 7.12% fall.

The small-cap company has equity capital of Rs 10.43 crore. Face value per share is Rs 10.

Saksoft's consolidated net profit fell 1.06% to Rs 4.65 crore on 3.94% decline in net sales to Rs 61.43 crore in Q2 September 2016 over Q1 June 2016.

Saksoft is a provider of information management solutions to successful organizations around the world.

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