Multibagger Stock is a stock that delivers high returns in short span of time. Analysts believe that long term investing in stock market is best type of investments.

Everyone is finding multibagger stock to become rich. But finding multibagger stock and holding for long term is not easy task.

Today we are talking about new age IT company. Saksoft Ltd is providing business intelligence and information management solutions to USA and UK based clients.

It provides services like application development, testing & quality control and solutions based on cloud, mobility and Internet of Things (IoT) along with Information Management (IM) and Business Intelligence (BI) solutions.

Currently, the company have active based of 1,250+ employees and 14 strategic locations across the world. In FY21, Americas accounted for ~47 percent of revenues, followed by Europe 31 percent and Asia-Pacific and others 22 percent.

The company is a relatively small player in the IT services industry which is dominated by large multinationals and thus remains highly exposed to intense competition

” Customer acquisition and retention are two everyday battles that every business is fighting today. At Saksoft, we believe that enhancing customer experience is one way to win this challenge and digital transformation is one of the ways to achieve it.” saksoft management says.

Multibagger Returns to Shareholders

Saksoft deliver more than 10x returns to shareholders with in just 2 year of timeframe. Saksoft trade at 14 rupees on 17 april 2020. From 2020 to 2023 stock jump more than 12x.

Saksoft listed on exchanges in 2005 from 2005 to till date stock become multibagger and gave unbelievable returns of 2500%. Company has market cap of more than 1400 Crores currently.

At the time of corona pandemic stock fall more than 50 percent in just two months but Fundamental of Saksoft is very strong

From 2011 to mar 2023 company’s revenue grow 6x to 688 crores. Profit increases to 75 crores from 5 crores in 2011.

On an average stock deliver 43 percent returns to investors in ten years at a consistent basis.

The post This Multibagger IT Stock Become 10x in Two Years first appeared on Sharemint.