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 buying👇👇
👉 Consistent growth in sales for past 3-4 yrs. 👉 Consistent growth in profit YOY 👉High ROE & ROCE 👉 Consistent increase in promoter shareholding & FII shareholding 👉 Company with zero promoter pledge & low debt 👉 Consistent cash from operations and high interest coverage ratio which is very good sign for small cap company. 👉 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