Introduction
IT and software sector of stock market sahana system share The company has acquired 2 new companies, so due to this the stock can register a tremendous boom, so initially we will discuss the current status of the company in the stock market, information about the returns and the acquisition of the two new companies. We are going to get detailed information about what has been done through today’s article.
Sahana Systems Ltd.
The company was started on 1 March 2013 as m/s. Oceans technologies was named which was changed to sahana system limited on 31 March 2022, talking about the main business of the company, the company web app development, mobile application development, AI development, chat gpt development, graphic designing product photography, digital marketing, Products and services such as website and application migration, cyber security, hardware trading, electric vehicle chargers are included.
sahana system share company information
The market cap of the company is 232.50 Crore, so the promoter holding of the sahana system share company is 62.88%, the company has Rs 11 Lakh in the form of free cash, so the company currently has a debt of Rs 4.77 Crore, the company has Has not given any dividend to its investors so far, the company’s sales growth is 98.31%, profit growth is 353%, the company’s ROE is 83.52% and ROCE is 75.39%, if seen, it is The company will be considered a fundamentally strong company.
Return Information
The IPO of sahana system share company came on 31 May 2023, after that it was listed in the stock market on 12 June 2023, then its price was kept from Rs 132 to ₹ 135, then since then if we get information about the company’s return So the company has given 69% returns in last 3 months, 96% returns in last 1 month.
2 new company acquired
The company’s share is trading at ₹ 290 and its 52 week high level is ₹ 303 and its 52 week low level is ₹ 136, according to the information received from sahana system share company, the company has acquired two companies out of them The name of the first company is Softaven Private Limited and the name of the second company is Softaven Labs Private Limited, both these companies come from the software sector and have bought these companies for 15 crores.
After acquiring the company, the company said that the company wants to increase its market cap and service portfolio, as well as the experience of the employees of the two companies that the company has bought, as well as the company’s expertise in areas such as blockchain development, digital marketing. Along with this acquisition is going to prove effective in making the sector more strong with cyber security internet and software development.
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