Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; gains over 150 per cent in just six months!

In Q4FY23, the company reported a 42.39 per cent increase in net profit YoY.

Shares of Saksoft Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. In the last six months, the stock has gained about 150 per cent. The stock has a 52-week high of Rs Rs 342.30.

The company posted impressive Quarterly Results in Q4FY23. The revenue of the company stood at Rs 182.06 crore which grew by 30.89 per cent YoY. The operating profit of the company stood at Rs 33.19 crore, while the PAT of the company stood at Rs 24.99 crore, which increased by 42.39 per cent YoY.

Saksoft Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 91.66 on July 04, 2022, to Rs 323.80 on July 03, 2023, an increase of about 260 per cent in a one-year holding period. And in the last six months, the stock has gained about 151 per cent.

Saksoft Limited is engaged in providing business intelligence and information management solutions predominantly to mid-tier companies based out of the USA and UK. It was established in 1999 by Autar Krishna and his son Mr. Aditya Krishna.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.