IT Stock To Be In Spotlight On Aug 7 For Bonus Share, Q1 Results; Shares Gain 1012% In 5-Yrs

Small cap IT Software company Saksoft Ltd will remain in spotlight on August 7, 2024 as Board of Directors will consider the financial results for the quarter ended June 30, 2024 and approve bonus shares in the ratio of 1:4. Current market price of Saksoft Ltd shares on BSE is Rs 291.40 per share. Saksoft shares declined over 1% in last 1-week and gained over 201% in last 2-years.

However, Saksoft shares slipped nearly 4% in last 1-year. The company's market capitalisation stood at Rs 2914.00 crore. Given below are more details pertaining to Saksoft Ltd:

Saksoft Ltd To Consider Financial Results, Bonus Share: As per the regulatory filing of Saksoft Ltd issued as on July 31, 2024, "Saksoft Ltd. has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2024, inter alia, to consider and approve:

1. To receive, consider and approve inter alia the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024.

2. To approve the issue of Bonus Shares in the ratio of 1:4 to the existing shareholders of the Company as on the record date to be fixed by the Company, subject to the approval of the shareholders."

Saksoft Share Performance: The 52-week high price of Saksoft shares on BSE is Rs 399.40 per share (as on 20/10/2023) and 52-week low price is Rs 210.00 per share (14/03/2024), respectively. Saksoft shares declined more than 8% year-to-date, soared 325% in last 3-years, and soared 1012% in last 5-years.

Saksoft Results: The company declared its net sales at Rs 53.65 crore in March 2024, down 6.25% as against Rs 57.23 crore declared in the corresponding quarter of last year. It announced its quarterly net profit at Rs 4.45 crore for the quarter ended March 31, 2024, down 33.1 as against Rs 6.66 crore declared in the similar quarter of last year. EBITDA of Saksoft stood at Rs 7.60 crore for March 2024, down 20.08% from Rs. 9.51 crore in March 2023.
Saksoft EPS came down to Re 0.43 in March 2024 from Re 0.63 in March 2023.

About: It enhances customer experience through digital transformation solutions. The company assists clients across the globe with Enterprise Applications with omni channel access and provide data driven insights with Augmented Analytics. It improves Speed, accuracy and predictability of the clients IT systems with Intelligent Automation. It helps the customers access their information anywhere, any device with Enterprise Cloud Solutions. It is present in US, UK, Europe, India and Singapore with offices in 14 locations, according to its LinkedIn page.

Disclaimer: The stock just highlights the bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.