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- SASKEN
SASKEN
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Recent events
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News
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Corporate Actions
Sasken To Acquire Borqs Technologies Inc’S Business For $40 Million
Nov 11 (Reuters) - Borqs Technologies Inc BRQSF.PK:
SASKEN TO ACQUIRE BORQS TECHNOLOGIES INC’S BUSINESS TO EXPAND CAPABILITIES AND MARKET REACH
SASKEN TECHNOLOGIES LTD - DEAL VALUED UP TO $40 MILLION INCLUDING EARN-OUTS
Further company coverage: BRQSF.PK
(([email protected];))
Nov 11 (Reuters) - Borqs Technologies Inc BRQSF.PK:
SASKEN TO ACQUIRE BORQS TECHNOLOGIES INC’S BUSINESS TO EXPAND CAPABILITIES AND MARKET REACH
SASKEN TECHNOLOGIES LTD - DEAL VALUED UP TO $40 MILLION INCLUDING EARN-OUTS
Further company coverage: BRQSF.PK
(([email protected];))
Sasken Technologies Final Dividend Of 13 Rupees Per Equity Share
May 7 (Reuters) - Sasken Technologies Ltd SKCT.NS:
SASKEN TECHNOLOGIES LTD - FINAL DIVIDEND OF 13 RUPEES PER EQUITY SHARE
Source text for Eikon: ID:nNSE2FfqSz
Further company coverage: SKCT.NS
(([email protected];;))
May 7 (Reuters) - Sasken Technologies Ltd SKCT.NS:
SASKEN TECHNOLOGIES LTD - FINAL DIVIDEND OF 13 RUPEES PER EQUITY SHARE
Source text for Eikon: ID:nNSE2FfqSz
Further company coverage: SKCT.NS
(([email protected];;))
India's Sasken Technologies rises on partnership with autotech co
** Shares of Sasken Technologies SKCT.NS rise as much as 4.8% to 1,600 rupees, last up 2.8%
** Software services firm and JOYNEXT, an autotech co, partner to work on platforms for in-vehicle and off-vehicle cloud and digital services
** SKCT set to snap three-day losing streak; gained 9.2% in Jan-March period - its fourth straight quarter of gains
** More than 45,000 shares change hands, two times the 30-day avg
** Stock up ~12% YTD, gained 54.5% in 2023 - its best yearly gain since 2021
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of Sasken Technologies SKCT.NS rise as much as 4.8% to 1,600 rupees, last up 2.8%
** Software services firm and JOYNEXT, an autotech co, partner to work on platforms for in-vehicle and off-vehicle cloud and digital services
** SKCT set to snap three-day losing streak; gained 9.2% in Jan-March period - its fourth straight quarter of gains
** More than 45,000 shares change hands, two times the 30-day avg
** Stock up ~12% YTD, gained 54.5% in 2023 - its best yearly gain since 2021
(Reporting by Dimpal Gulwani in Bengaluru)
India's Sasken Technologies up on adding new subsidiary
** Shares of software services firm Sasken Technologies SKCT.NS up 2.8% at 1,549.75 rupees
** SKCT says it invested 332 mln rupees ($4 mln) to acquire 60% stake in Anups Silicon Services and subscribe to securities issued by Anups
** Stock opened up 6.1% before trimming some gains
** Stock on track to snap three straight weekly losses, if trend holds
($1 = 83.0650 Indian rupees)
(Reporting by Varun Vyas in Bengaluru)
** Shares of software services firm Sasken Technologies SKCT.NS up 2.8% at 1,549.75 rupees
** SKCT says it invested 332 mln rupees ($4 mln) to acquire 60% stake in Anups Silicon Services and subscribe to securities issued by Anups
** Stock opened up 6.1% before trimming some gains
** Stock on track to snap three straight weekly losses, if trend holds
($1 = 83.0650 Indian rupees)
(Reporting by Varun Vyas in Bengaluru)
Sasken Technologies Invests In Anups Silicon Services To Acquire 60% Stake
March 20 (Reuters) - Sasken Technologies Ltd SKCT.NS:
INVESTING IN ANUPS SILICON SERVICES TO ACQUIRE 60% STAKE FOR 332 MILLION RUPEES
Source text for Eikon: ID:nBSEb8qTFF
Further company coverage: SKCT.NS
(([email protected];))
March 20 (Reuters) - Sasken Technologies Ltd SKCT.NS:
INVESTING IN ANUPS SILICON SERVICES TO ACQUIRE 60% STAKE FOR 332 MILLION RUPEES
Source text for Eikon: ID:nBSEb8qTFF
Further company coverage: SKCT.NS
(([email protected];))
India's Sasken Tech slips most in over a year on weak Q2 results
** Shares of Sasken Technologies SKCT.NS fall as much as 9.7% to 1,142.35 rupees, their sharpest intraday pct drop since Jan. 21, 2022
** The software services firm reported a near 50% slump in Sept-qtr consolidated profit after tax
** Employee costs rose 2.2%
** Revenue from operations down ~15%
** Stock last down 7.8%, trimming YTD gains to ~29%
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Sasken Technologies SKCT.NS fall as much as 9.7% to 1,142.35 rupees, their sharpest intraday pct drop since Jan. 21, 2022
** The software services firm reported a near 50% slump in Sept-qtr consolidated profit after tax
** Employee costs rose 2.2%
** Revenue from operations down ~15%
** Stock last down 7.8%, trimming YTD gains to ~29%
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
India's Sasken Technologies Sept-Quarter Consol PAT Falls
Oct 20 (Reuters) - Sasken Technologies Ltd SKCT.NS:
SEPT-QUARTER CONSOL PAT 180.8 MILLION RUPEES VERSUS PROFIT 359.2 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.03 BILLION RUPEES VERSUS 1.2 BILLION RUPEES
DIVIDEND 12 RUPEES PER SHARE
Source text for Eikon: ID:nBSE4TZrpC
Further company coverage: SKCT.NS
(([email protected];))
Oct 20 (Reuters) - Sasken Technologies Ltd SKCT.NS:
SEPT-QUARTER CONSOL PAT 180.8 MILLION RUPEES VERSUS PROFIT 359.2 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.03 BILLION RUPEES VERSUS 1.2 BILLION RUPEES
DIVIDEND 12 RUPEES PER SHARE
Source text for Eikon: ID:nBSE4TZrpC
Further company coverage: SKCT.NS
(([email protected];))
India's Sasken Technologies hits over 1.5-yr high on partnership with Qualcomm
** Shares of Sasken Technologies SKCT.NS up 13.3% at 1,213 rupees, highest since Jan. 20, 2022
** Software services firm on Tuesday said it partnered with Qualcomm through its Internet of Things (IoT) programme
** Over 375,000 shares change hands as of 09:52 a.m. IST, 7.7x the 30-day moving avg
** Stock last up ~11.4%, taking YTD gains to ~31%
(Reporting by Kashish Tandon in Bengaluru)
** Shares of Sasken Technologies SKCT.NS up 13.3% at 1,213 rupees, highest since Jan. 20, 2022
** Software services firm on Tuesday said it partnered with Qualcomm through its Internet of Things (IoT) programme
** Over 375,000 shares change hands as of 09:52 a.m. IST, 7.7x the 30-day moving avg
** Stock last up ~11.4%, taking YTD gains to ~31%
(Reporting by Kashish Tandon in Bengaluru)
Sasken Technologies Says Collaborates With Qualcomm Through IoT Accelerator Program
Oct 3 (Reuters) - Sasken Technologies Ltd SKCT.NS:
COLLABORATES WITH QUALCOMM THROUGH IOT ACCELERATOR PROGRAM
Source text for Eikon: ID:nNSE5WZD2l
Further company coverage: SKCT.NS
(([email protected];))
Oct 3 (Reuters) - Sasken Technologies Ltd SKCT.NS:
COLLABORATES WITH QUALCOMM THROUGH IOT ACCELERATOR PROGRAM
Source text for Eikon: ID:nNSE5WZD2l
Further company coverage: SKCT.NS
(([email protected];))
Sasken Technologies Ltd- Girish B V S Has Been Designated As Chief Technology Officer
Sasken Technologies Ltd SKCT.NS:
SASKEN TECHNOLOGIES LTD- GIRISH B V S HAS BEEN DESIGNATED AS CHIEF TECHNOLOGY OFFICER
Source text for Eikon: ID:nBSE7JdPp9
Further company coverage: SKCT.NS
Sasken Technologies Ltd SKCT.NS:
SASKEN TECHNOLOGIES LTD- GIRISH B V S HAS BEEN DESIGNATED AS CHIEF TECHNOLOGY OFFICER
Source text for Eikon: ID:nBSE7JdPp9
Further company coverage: SKCT.NS
India's Sasken Technologies Ltd June-Quarter Consol Profit After Tax Rises
July 26 (Reuters) - Sasken Technologies Ltd SKCT.NS:
JUNE-QUARTER CONSOL PAT 257 MILLION RUPEES VERSUS PROFIT 152.3 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 984.9 MILLION RUPEES VERSUS 1.01 BILLION RUPEES
Source text for Eikon: ID:nBSEn5Whk
Further company coverage: SKCT.NS
(([email protected];))
July 26 (Reuters) - Sasken Technologies Ltd SKCT.NS:
JUNE-QUARTER CONSOL PAT 257 MILLION RUPEES VERSUS PROFIT 152.3 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 984.9 MILLION RUPEES VERSUS 1.01 BILLION RUPEES
Source text for Eikon: ID:nBSEn5Whk
Further company coverage: SKCT.NS
(([email protected];))
India's Sasken Tech down most in over 9 mths as Q4 PAT plunges
** Shares of Sasken Technologies Ltd SKCT.NS fall as much as 8.4% to 803.85 rupees, their steepest intraday pct drop since July 21, 2022
** The software services firm on Tuesday reported a 36.5% slump in Q4 consolidated profit after tax, mainly hurt by 13.5% surge in total expenses during the quarter
** Revenue from operations down 5.8%
** Also declared final dividend of 13 rupees per share
** About 24,588 shares change hands by 9:37 a.m. IST, 2.6x the 30-day average - Refinitiv Data
** If trends hold, stock on track to fall for second consecutive session
** Up to last close, stock had fallen 3.2% YTD
($1 = 81.8200 Indian rupees)
(Reporting by Priya Sagar in Bengaluru)
** Shares of Sasken Technologies Ltd SKCT.NS fall as much as 8.4% to 803.85 rupees, their steepest intraday pct drop since July 21, 2022
** The software services firm on Tuesday reported a 36.5% slump in Q4 consolidated profit after tax, mainly hurt by 13.5% surge in total expenses during the quarter
** Revenue from operations down 5.8%
** Also declared final dividend of 13 rupees per share
** About 24,588 shares change hands by 9:37 a.m. IST, 2.6x the 30-day average - Refinitiv Data
** If trends hold, stock on track to fall for second consecutive session
** Up to last close, stock had fallen 3.2% YTD
($1 = 81.8200 Indian rupees)
(Reporting by Priya Sagar in Bengaluru)
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What does Sasken Technologies do?
Sasken Technologies Limited specializes in Product Engineering and Digital Transformation, offering concept-to-market and chip-to-cognition R&D services to various industries globally.
Who are the competitors of Sasken Technologies?
Sasken Technologies major competitors are Saksoft, Nucleus Software Exp, Accelya Solutions, Alldigi Tech, Ramco Systems, Expleo Solutions, 63 Moons Tech.. Market Cap of Sasken Technologies is ₹2,290 Crs. While the median market cap of its peers are ₹1,980 Crs.
Is Sasken Technologies financially stable compared to its competitors?
Sasken Technologies seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Sasken Technologies pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Sasken Technologies latest dividend payout ratio is 47.89% and 3yr average dividend payout ratio is 38.35%
How has Sasken Technologies allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Sasken Technologies balance sheet?
Balance sheet of Sasken Technologies is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Sasken Technologies improving?
No, profit is decreasing. The profit of Sasken Technologies is ₹56.22 Crs for TTM, ₹78.72 Crs for Mar 2024 and ₹99.47 Crs for Mar 2023.
Is the debt of Sasken Technologies increasing or decreasing?
Yes, The debt of Sasken Technologies is increasing. Latest debt of Sasken Technologies is -₹19.73 Crs as of Sep-24. This is greater than Mar-24 when it was -₹109.76 Crs.
Is Sasken Technologies stock expensive?
Yes, Sasken Technologies is expensive. Latest PE of Sasken Technologies is 40.56, while 3 year average PE is 19.82. Also latest EV/EBITDA of Sasken Technologies is 127 while 3yr average is 38.82.
Has the share price of Sasken Technologies grown faster than its competition?
Sasken Technologies has given better returns compared to its competitors. Sasken Technologies has grown at ~19.64% over the last 10yrs while peers have grown at a median rate of 14.97%
Is the promoter bullish about Sasken Technologies?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 43.12% and last quarter promoter holding is 43.11%.
Are mutual funds buying/selling Sasken Technologies?
The mutual fund holding of Sasken Technologies is stable. The current mutual fund holding in Sasken Technologies is 0.65% while previous quarter holding is 0.65%.