Sasken Communication Technologies is currently trading at Rs. 186.00, up by 1.95 points or 1.06% from its previous closing of Rs. 184.05 on the BSE.
The scrip opened at Rs. 187.95 and has touched a high and low of Rs. 188.15 and Rs. 185.00 respectively. So far 2,357 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 216.10 on 21-Jan-2014 and a 52 week low of Rs. 100.60 on 04-Sep-2013.
Last one week high and low of the scrip stood at Rs. 191.80 and Rs. 180.00 respectively. The current market cap of the company is Rs. 395.00 crore.
The promoters holding in the company stood at 36.44% while Institutions and Non-Institutions held 1.25% and 62.31% respectively. Sasken Communication Technologies has successfully delivered full phone development of Inmarsat’s IsatPhone 2 satellite mobile handset. The company was deeply involved with all aspects of development; including software, hardware, mechanical design, antenna design, system integration, testing, as well as manufacturing support. This engagement follows a successful partnership the two companies had earlier, for the development of IsatPhone Pro in 2010.
The IsatPhone 2 provides improved features and functionalities such as faster network registration, higher voice quality, voice mail, extended battery life, emergency assistance, built-in E-compass, tracking, bluetooth connectivity; all packaged in an ergonomic and ruggedized handheld specifically designed and developed by Sasken.
Sasken developed the IsatPhone 2 from multiple locations around the globe working in tandem. Sasken’s team in Finland took ownership of hardware design, while software was developed and integrated in India; whereas satellite specific testing was carried out in Indonesia, parts of Europe and North America as well as other key markets.
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