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Sasken Technologies slips despite reporting 30% rise in Q3 consolidated net profit

22 Jan 2020 Evaluate

Sasken Technologies is currently trading at Rs. 620.00, down by 8.15 points or 1.30% from its previous closing of Rs. 628.15 on the BSE.

The scrip opened at Rs. 640.00 and has touched a high and low of Rs. 641.40 and Rs. 619.20 respectively. So far 1143 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 774.00 on 30-Apr-2019 and a 52 week low of Rs. 473.00 on 22-Aug-2019.

Last one week high and low of the scrip stood at Rs. 641.40 and Rs. 610.85 respectively. The current market cap of the company is Rs. 948.20 crore.

The promoters holding in the company stood at 45.05%, while Institutions and Non-Institutions held 20.34% and 34.61% respectively.

Sasken Technologies has reported 15.61% rise in its net profit at Rs 23.77 crore for the quarter ended December 31, 2019 as compared to Rs 20.56 crore for the same quarter in the previous year. Total income of the company increased by 0.66% at Rs 111.96 crore for Q3FY20 as compared Rs 111.23 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 29.77% in its net profit at Rs 23.45 crore for the quarter under review as compared to Rs 18.07 crore for the same quarter in the previous year. Total income of the company increased by 0.77% at Rs 131.51 crore for Q3FY20 as compared Rs 130.51 crore for the corresponding quarter previous year.

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