Today I will discuss about another Computer Software sector company.
SASKEN COMMUNICATION TECHNOLOGIES @ CMP 267.
Sasken Communication is in the Computers – Software sector. The current market
capitalization stands at Rs 570.07 crore. The company has reported a
consolidated sales of Rs 108.19 crore and a Net Profit of Rs 8.36 crore
for the quarter ended Jun 2014. It is currently trading at earning per share of 24 and profit earning ratio of about 11.35.
Recently the stock has seen a sharp decline due to exit of whole time director and CEO ANJAN LAHIRI. But the stock is good with virtually debt free balance sheet. And to maintain confidence in Shareholder they are giving dividend of worth 200% meaning 20 Rs. per share costing about 8% of current share value.
Note : So it is advisable to rush for the share and holding for atleast a month getting double benefit of dividend and increased price.