Sasken Technologies hits record high

Sasken Technologies surged 6.16% to Rs 787.15 at 14:26 IST on BSE after consolidated net profit rose 8.52% to Rs 20.37 crore on 5.63% growth in net sales to Rs 131.87 crore in Q3 December 2017 over Q2 September 2017.

The result was announced after market hours yesterday, 22 January 2018.

Meanwhile, the S&P BSE Sensex was up 271.90 points or 0.76% at 36,069.91. The S&P BSE Small-Cap index advanced 0.13%, underperforming the Sensex.

On the BSE, 50,000 shares were traded on the counter so far as against average daily volumes of 9,546 shares in the past one quarter. The stock had hit a high of Rs 810 so far during the day, which is a record high. The stock hit a low of Rs 745 so far during the day. The stock had hit a 52-week low of Rs 375 on 31 March 2017.

The small-cap company has equity capital of Rs 17.11 crore. Face value per share is Rs 10.

Sasken Technologies is engaged in software development. It provides engineering research and development (ER&D), and productized information technology (IT) services to customers in the communications and devices, retail, insurance and independent software sectors.

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