Upper circuit alert: This micro-cap IT services company reports over 200 per cent increase in net sales!

Shares of the company have gained about 100 per cent in the last three months.

Shares of Sahana Systems Limited were locked in the upper circuit on Wednesday, gaining 10.00 per cent. The stock witnessed heavy buying activity from investors today. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 70 per cent.

Sahana System Limited is engaged in the business of offering IT-related services including web app development, mobile application development, AI & ML development, Chatbot development, and product prototyping. The company’s product portfolio includes graphics designing, UI / UX design, SEO & ASO, digital marketing, website & application migration, cyber security, and outsourcing of IT services.

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The company posted strong half-yearly results. The revenue of the company for H1FY24 stood at Rs 24.16 crore which grew by 236.03 per cent YoY. The company's operating profit stood at Rs 6.22 crore, while the PAT of the company stood at Rs 4.51 crore, which grew by 142.69 per cent on a YoY basis.

It's impressive that Sahana System can not only get new customers but also offer a variety of services. The company is focused on software development, cybersecurity, and digital marketing, and it can quickly change its offerings to meet the changing needs of the tech industry. Sahana Systems Limited has also delivered returns of about 100 per cent  to its shareholders in the last three months.

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

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