Saksoft Ltd CMP 242

Market Cap - Rs 263 cr
Annual Sales - Rs 278 cr
OPM 13 %
Reserves Rs 121 cr

Saksoft Limited is a global leader in providing digital transformation solutions and helping businesses stay relevant in a highly connected, rapidly evolving world. Saksoft offers a gamut of services including strategic consulting, information management, application development, digital testing, cloud, mobility and Internet of Things (IoT). The company’s experience in chalking out the digital journey from ideation to execution has given customers a competitive-edge. Delivering cost effective solutions and providing superlative customer experience has been the key differentiator for Saksoft. Headquartered in Chennai (India), Saksoft has 14 offices across the USA, Europe and Asia employing over 1000+ people.

The Saksoft Group currently includes

• Acuma Solutions (UK) – A specialist in Information management solutions,
• 360Logica Solutions (India) – An expert independent testing company,
• EDP – A US based recruiting company,
• DreamOrbit – A vibrant, Deloitte Fast 50 Company with IoT solutions expertise and most recently Faichi Solutions – a Healthcare Product Engineering company.

Company seems to be a master of acquisitions. A well known investor named "Porinju Veliyath" is also invested in the company at around Rs 267 levels.

Peers are trading at 2 or 3 times of Annual sales so Saksoft price looks attractive at current levels.

I have bought it today at Rs 242 for long term and technicals also look as the stock seems to be making a triangular patter in weekly charts.

 

Stock is on fire. Broke life time high of Rs 474.
Historical patterns signaling that we are about to witness 800 levels in next 2-3 months.