Sasken Communication Technologies is currently trading at its upper circuit limit of Rs. 265.55, up by 44.25 points or 20.00% from its previous closing of Rs. 221.30 on the BSE.
The scrip opened at Rs. 222.20 and has touched a high and low of Rs. 265.55 and Rs. 222.00 respectively. So far 159223 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 265.55 on 01-July-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. 265.55 and Rs. 207.00 respectively. The current market cap of the company is Rs. 475.63 crore.
The promoters holding in the company stood at 36.51% while Institutions and Non-Institutions held 1.25% and 62.24% respectively.
Sasken Communication Technologies has received arbitration award in its favor in the matter of Spreadtrum Communications Inc (Spreadtrum). The award recognizes that the agreement between the parties is in full force and as a result, Spreadtrum has been directed to pay $31.7 million within 30 days, towards royalties and interest on unpaid royalties. Further, the Arbitrator had directed Spreadtrum to continue to provide royalty reports and pay the contracted royalties on an ongoing basis.
In December 2012, Sasken approached American Arbitration Association's International Centre for Dispute Resolution (AAA) over non-payment of royalties, which was contractually agreed by Spreadtrum for the software/IP licensed by Sasken as part of the joint development project undertaken by both the parties. Spreadtrum failed to meet the above and other obligations to Sasken, a decision that resulted in arbitration filed by Sasken before the American Arbitration Association's International Centre for Dispute Resolution. Spreadtrum is required to pay within 30 days an amount of $31.7million and further continue to pay royalties for the Foreground IP provided by Sasken.
Sasken is a leader in providing Engineering R&D and Productized IT services to global tier 1 customers in the Communications & Devices, Retail, Insurance and Independent Software space.
| Company Name | CMP |
|---|---|
| TCS | 4245.75 |
| Infosys | 1902.95 |
| HCL Tech. | 1899.05 |
| Wipro | 571.40 |
| Tech Mahindra | 1747.70 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
Become a savvy and confident
stock investor.
Don't miss out! First 10 users today get it FREE
Download APP
