Stock of Interest

Posted On: August 3, 2023

Stock Report: SASKEN (NSE) 02 Aug 2023 

Sasken Technologies Limited is a prominent Indian multinational technology company headquartered in Bangalore, India. Since its establishment in 1989 by Rajiv C. Mody, the company has been offering a wide array of product engineering and digital transformation services to a diverse clientele across the globe. Under the leadership of its current CEO, Abhijit Kabra, who assumed the position on 20th July 2022, Sasken Technologies has steadily grown and expanded its operations. As of 2023, the company boasts a workforce of 1,430 dedicated employees. Furthermore, it has subsidiaries such as Sasken Network Engineering Limited and MORE, which contribute to its comprehensive range of services and solutions. With a strong foundation, innovative approaches, and a commitment to customer satisfaction, Sasken Technologies continues to play a vital role in the technology sector.

#xCalData predicts that #SASKEN will continue its bearish phase over the next five days and trend within the range of 947 to 847. 

In comparison to the previous month, the price of the stock has experienced a decline of 6.25% indicating a bearish. 

The Stock has doubled thrice since 25 Mar 2015 and took an average of 2.2 years to double.

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Some of the technical indicator namely MACD, Trendline indicates Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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