1000 per cent returns: Heavy buying witnessed in this multibagger stock which makes a new 52-week high!

Moreover, in the last year alone, the stock has surged more than 112 per cent

On Friday, shares of Saksoft zoomed more than 5.7 per cent to make a new 52-week high of Rs 189.35 apiece. The scrip witnessed a massive spurt in volume by more than 1.13 times.

In Q3FY23, the net sales of the company surged by more than 37 per cent from last year’s same quarter to Rs 171.68 crore. The EBITDA level of the company stood at Rs 29.89 crore, witnessing a surge by more than 32 per cent from December quarter 2021. The net profit of the company zoomed by more than 33 per cent from corresponding quarter last year to Rs 19.86 crore.

Saksoft is an information technology company that provides digital transformation services and solutions to clients across various industries. Headquartered in Chennai, India, Saksoft has a global presence with offices in the United States, Europe, and Asia-Pacific regions. The company's services include application development, data analytics, cloud computing, and cybersecurity. Saksoft has been recognized for its quality of services and expertise in technology, and has won several awards and accolades over the years.

The stock has experienced significant buying activity, driven by its impressive performance, which has resulted in multibagger returns of over 1100 per cent in the last 3 years. Moreover, in the last year alone, the stock has surged more than 112 per cent. Keep a close eye on this trending multibagger stock.