High ROE & high ROCE multibagger IT stock; Board announces 4:1 bonus shares after 10:1 stock split; Check revised record date inside!
The stock gave multibagger returns of 1,050 per cent in 5 years and a whopping 2,820 per cent in a decade.
Saksoft Ltd informed that the company has revised its Record date from Friday, September 13, 2024 to Thursday, September 19, 2024, for the purpose of ascertaining the eligibility of Shareholders entitled to the issuance of fully paid-up bonus Shares of the Company in the proportion of 1 (One) new fully paid up equity share of Re 1 each for every 4 fully paid up existing equity shares of Re 1 each held, subject to the approval of Members by way of Postal Ballot through remote e-voting.
On September 23, 2024, the shares of the company ex-traded stock split from a face value of Rs 10 to a face value of Re 1.
Saksoft Ltd, founded in 1999 by Autar Krishna and his son Aditya Krishna, is a leading provider of business intelligence and information management solutions primarily catering to mid-sized companies in the USA and UK. The company offers a range of services, including application development, testing, quality control, and solutions based on cloud, mobility and IoT, in addition to its core offerings in information management and business intelligence. Saksoft's expertise in digital transformation enables it to deliver innovative solutions to clients across various industries.
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The company has a market cap of over Rs 2,918 crore and has delivered good profit growth of 21.4 per cent CAGR over the last 5 years. The shares of the company have an ROE of 21.1 per cent and an ROCE of 27.7 per cent. The stock gave multibagger returns of 1,050 per cent in 5 years and a whopping 2,820 per cent in a decade. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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