IT Software Stock Sets Record Date For Stock Split, Jumps 405% In 3 Years

Saksoft Limited is engaged in providing information technology solutions for business issues persisting in banking, financial and insurance sectors. The company has a market capitalization of Rs 1,242.30 crore at the time of writing the report. The IT Software company has set record date for 1:10 stock split on September 14, 2022. Check key takeaways below:

Saksoft Ltd Fixes Record Date For 1:10 Stock Split

The board of directors of the company has stated in its regulatory filing, "Pursuant to Regulation 42 of the SEBI (Listing & Disclosure Requirement) Regulations, 2015, the company has fixed Monday, September 26, 2022 as the "Record Date" for the purpose of ascertaining the eligibility of shareholders entitled for sub-division of 1 (one) equity share of the Company having a face value of Rs 10/- (Rupees 10 only) each fully paid up into 10 (Ten) equity shares having a face value of Re 1/- (Rupee One Only) each fully paid up."

Saksoft Ltd Stock Outlook

The current market price of the stock is Rs 1242 apiece with a huge gain of 8.92% intraday.

Saksoft Ltd Hits New 52-Week High Today

The stock has hit a new 52-week high today. The stock opened at 1150 apiece, touched the intraday high at Rs 1313 apiece and intraday low at Rs 1150 apiece.

Saksoft Ltd 52-Week High/Low

The 52-week high of the stock is Rs 1313 apiece and 52-week low is Rs 682 apiece, respectively.

Saksoft Ltd Market Capitalization

The company has a market capitalization of Rs 1,242.30 crore at the time of writing the report.

Saksoft Ltd 5-Years Return

The company has given multibagger returns to investors. In the last 5 years, it has given a return of 532%, in last 3 years it has given a return of 404% and in last 1 year, the return is 25%.

Saksoft Ltd Quarterly Results

For the quarter ending June 30, 2022 the company announced a consolidated total income of Rs 151.20 crore, up 6.32% from last quarter total income of Rs 142.22 crore.It has announced the net profit after tax of Rs 17.80 crore in the quarter under consideration.

Saksoft Ltd About

The company came into existence in 1999 and operates in the IT Software sector. It is a small cap company.