SAKSOFT - stock to go for it

Stocks for short-medium term:

Recommended on 27th Nov
Saksoft: CMP 315
company is into global IT services and consultancy company. Their major services is into Artificial intelligence- fintech solutions, transportation & logistics ( IoT - Internet of things), Health care, Retail e-commerce, telecom(5g) and public sector.

Reasons to consider for buyingπŸ‘‡πŸ‘‡

πŸ‘‰ Consistent growth in sales for past 3-4 yrs.
πŸ‘‰ Consistent growth in profit YOY
πŸ‘‰High ROE & ROCE
πŸ‘‰ Consistent increase in promoter shareholding & FII shareholding
πŸ‘‰ Company with zero promoter pledge & low debt
πŸ‘‰ Consistent cash from operations and high interest coverage ratio which is very good sign for small cap company.
πŸ‘‰ Company's major clients are MICROSOFT , Oracle , SAP, IBM , etc.

Note: Company is small cap and highly risk. Also, from the technical front stock is downtrend however reversal is possible & expected.

Conclusion: Though it's small cap, still it's good bet considering the moat that company is into - AI, 5G and Internet of things. One can expect good returns in the coming months. One can buy and accumulate on dips for very good returns (400+). May be the year 2021 for saksoft
Trade active: From 315 to 341. Still more to fuel left
Comment: 376 today. How many of you took it.
Trade closed: target reached: Target achieved today
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Disclaimer: Any view mentioned is of personal view of the author and for educational purpose.


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