Sasken rises 18% on Inmarsat deal

SASKEN COMMUNICATION rose by 18.42 per cent to close at Rs 60.75 after the company entered into an agreement with British satellite communications firm Inmarsat to complete the development of a global satellite hand-held phone.

The stock opened at Rs 53 and touched a high of Rs 61.55 and a low of Rs 52 during intraday trade. A total number of 5.4 lakh shares changed hands on the Bombay Stock Exchange. The company is engaged in providing telecommunication software services and solutions.