Grand entry: Ashish Kacholia buys 1,60,000 shares of this SME software solutions company; do you hold?

The stock has delivered multibagger returns of 140 per cent since listing in 2023

In a significant market development, celebrated investor Ashish Kacholia strategically entered a tech company's shareholdings during the third quarter of 2023, acquiring a noteworthy 1.09 per cent stake amounting to Rs 4 crore in the company's shareholding. Notably, Suryavanshi Commotrade Pvt Ltd also holds a 2 per cent stake in this company, with one of its three directors being Ashish Kacholia himself. These strategic moves underscore Kacholia's strong belief in the company's growth prospects and have generated considerable interest in the stock.

Established in 2004, this tech company is a prominent player in the software solutions sector, enabling enterprises to design, implement, and manage customized digital platforms. With a diverse array of software solutions, the company excels in services ranging from website development, mobile app development for both iOS and Android applications, Web3 development, DeFi (Decentralized Finance), data engineering, blockchain implementation, cloud computing, to digital marketing. It has a strong presence across various sectors, including hospitality, property technology, financial services (FinTech), fantasy sports, and more, catering to a wide range of user industries.

This innovative company is none other than Systango Technologies Ltd, and it has emerged as a standout since its listing on the NSE in March 2023. Impressively, the stock has delivered remarkable returns of 140 per cent within this relatively short timeframe, establishing itself as a multibagger. Additionally, the company boasts a Compounded Sales Growth rate of 60 per cent and a Compounded Profit Growth rate of 107 per cent on a trailing twelve-month basis. The Return on Equity (ROE) for the past year stands at a commendable 35 per cent. These robust financial highlights underscore Systango Technologies' efficient capital utilization and its vigorous growth trajectory.

Ashish Kacholia's strategic investment in Systango Technologies Ltd perfectly aligns with the company's poised growth trajectory, strengthened by strong financial performance and an expanding range of service offerings. This development is expected to create ripples in the financial markets, garnering considerable investor interest and anticipation of the synergies that will shape the company's promising future.

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