Sasken Communication Technologies is currently trading at Rs. 262.25, up by 3.95 points or 1.53% from its previous closing of Rs. 258.30 on the BSE.
The scrip opened at Rs. 262.00 and has touched a high and low of Rs. 266.90 and Rs. 250.80 respectively. So far 91891 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 353.00 on 10-Sep-2014 and a 52 week low of Rs. 115.60 on 30-Sep-2013.
Last one week high and low of the scrip stood at Rs. 330.00 and Rs. 232.60 respectively. The current market cap of the company is Rs. 545.25 crore.
The promoters holding in the company stood at 36.48% while Institutions and Non-Institutions held 2.57% and 60.95% respectively.
Sasken Communication Technologies has received further remittance of around $10.28 million from Spreadtrum. With this, the cumulative remittance from Spredtrum amounts to $43 million. The company received the first tranche of $7 million from Spreadtrum on August 13, 2014.
Earlier on July 01, 2014, the company had 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.
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.
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