High ROE & ROCE multibagger stock: This tech powerhouse company makes a bold move by acquiring SOFTVAN for Rs 150 million to supercharge its tech portfolio!

The stock gave multibagger returns of 110 per cent from its 52-week low of Rs 136 per share.

On Monday, one of the Top Gainers on NSE, shares of Sahana System Limited gained 5 per cent to an intraday high of Rs 285 per share from its previous closing of Rs 271.85. The sudden rise in the stock price was due to the company making a bold move by acquiring SOFTVAN for Rs 150 million to supercharge its tech portfolio. Here are the details:

The acquisition of Softvan Private Limited and Softvan Labs Private Limited by Sahana System Limited will bring a number of benefits to the company, including:

• A more diversified service portfolio, with new capabilities in software development, cybersecurity, IoT solutions, blockchain development, and digital marketing.
• Enhanced technology expertise, with the addition of a pool of highly skilled and experienced professionals.
• A stronger strategic position as a prominent player in the technology and IT services sector.
• A renewed commitment to innovation, with the ability to stay at the forefront of technological trends.
• Increased market reach, with the opportunity to explore new industries and sectors.
• Greater client benefits, with access to a broader range of services and expertise.

Overall, the acquisition is a strategic move that will significantly benefit Sahana System Limited. It will allow the company to expand its service portfolio, enhance its technology expertise, and strengthen its strategic positioning. It will also underline Sahana's commitment to innovation and market expansion. The clients of Sahana will also stand to gain significantly from the acquisition.

Incorporated in 2020, Sahana System Limited is engaged in the business of offering IT-related services including web app development, mobile application development, AI and ML development, Chatbot development, and product prototyping. The company has a market cap of Rs 225 crore.

The shares of the company have an ROE of 56.8 per cent and a ROCE of 31.5 per cent. The stock gave multibagger returns of 110 per cent from its 52-week low of Rs 136 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.