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Saksoft rises on receiving rating upgrades for its bank facilities

15 Jul 2016

Saksoft is currently trading at Rs. 245.00, up by 2.80 points or 1.16% from its previous closing of Rs. 242.20 on the BSE.

The scrip opened at Rs. 249.95 and has touched a high and low of Rs. 249.95 and Rs. 236.60 respectively. So far 3,484 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 474.30 on 13-Jan-2016 and a 52 week low of Rs. 125.50 on 28-Sep-2015.

Last one week high and low of the scrip stood at Rs. 268.35 and Rs. 236.60 respectively. The current market cap of the company is Rs. 245.00 crore.

The promoters holding in the company stood at 73.10%, while Institutions and Non-Institutions held 0.39% and 26.51% respectively.

Credit rating agency, Credit Analysis & Research (CARE) has upgraded rating assigned to the long term and short term bank facilities of Saksoft from ‘BBB’ to ‘BBB+’ and ‘A3’ to ‘A3+’ respectively.

The revision in the ratings assigned to the bank facilities of Saksoft factors in the improvement in financial profile of the company during FY16 reflected by the improved profitability, capital structure and comfortable coverage indicators.

Saksoft offers the complete stack of services in the Information Management / Business Intelligence area from Consulting, building Data-warehouse and providing Analytics solution.

Related Saksoft Ltd. Links:

Saksoft Share Price

973.25 -13.60 (-1.38%) Dec 03, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323