13th September Record Date For 1:4 Bonus Shares: Buy Range Rs. 245-265 For Target?

Saksoft Limited is a small-cap IT firm that offers technological services to companies in the Fintech, Logistics & Transportation, Healthtech, and Utilities market sectors. Application engineering, quality assurance and testing, data analytics, cloud, infrastructure, and cyber security services are just a few of the services that the firm provides to its customers.

Saksoft Record Date For Bonus Shares

"Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform that the Board has recommended issue of Bonus Shares in the ratio of 1:4 i.e. one new bonus equity share of Re. 1/- each fully paid up for every four existing equity shares of Re. 1/- each fully paid up subject to the approval of shareholders through Postal Ballot. . In accordance with Regulation 42 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Board has fixed Friday, 13th September 2024 as Record date to determine the eligibility of shareholders to receive bonus shares," said Saksoft in a stock exchange filing.

Saksoft Q1 Results

Saksoft Limited reported revenue from operations of Rs 54.87 crore in the June 2024 quarter down 8.25% from Rs. 59.80 crore in the June 2023 quarter. Its quarterly net profit reached Rs. 5.42 crore in Q1FY25 down 35.78% from Rs. 8.44 crore in Q1FY24. EBITDA fell by 29.05% from Rs. 12.05 crore in the year-ago quarter to Rs. 8.55 crore in the quarter under review.

Saksoft Share Price Target

"Saksoft Limited, an IT service management company, whose current price of Rs. 290.60 can be explored for short- to mid-term gain opportunities. The stock has offered a dividend yield of 0.25% and an ROE of 19.03%. However, it should be noted that its current PE ratio stands at 31.68 against the average sector PE of 22.92, suggesting a high valuation. Additionally, its P/B ratio of 6.06 implies that Saksoft Limited's stock is trading over 6 times its book value. Regardless, those willing to explore its earnings potential can enter the buying range of Rs. 245-265 for a target price of Rs. 310/345/390/430. A holding period of 2-8 months should be ideal for this stock, given that traders and investors adhere to a suggested stop loss of Rs. 200," recommended V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

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