Even though Indian stock market investors don’t need any introduction of Porinju Veliyath. But we have to write a line about him so here it is “The marvelous portfolio management company ‘Equity Intelligence’ founder and a very smart value picker on the Dalal Street”.
Porinju’s every action is widely eyed by every Indian Stock Market investor/trader like us.
His latest pick spotted in today’s (27/12/2016) bulk deal is SAKSOFT Ltd.
EQUITY INTELLIGENCE bought 55,858 shares of SAKSOFT Ltd at 267.34 a piece.
Saksoft Ltd is an Big Data and Analytic firm headquartered in India. Saksoft offers services such as Information Management and Business Intelligence, Testing Services, Application Development Services and CLOUD services.
Saksoft for FY16 reported:- Revenue of 243.73 crores, Net Profit of 18.47 crores, EPS of 17.35. Promoters hold 72.79% stake in the company. Current market cap is around 270 crores. At current market price of 271.65 the stock is trading at a p/e of 15.65.
Recently Saksoft announced the acquisition of majority stake in bengaluru based DreamOrbit Softech Pvt Ltd, with this acquisition Saksoft looks to further strengthen its offerings in the Digital space with special emphasis on IoT.
SAKSOFT Ltd seems to be an exciting story playing out in the market, Let us see if the Bullishness prevails going ahead from here.
Big Shots is our series where we will keep tracking and reporting the latest moves of Big Shots like Rakesh Jhunjhunwala, Ramesh Damani, Porinju Veliyath, Dolly Khanna, etc.