Porinju Veliyath & Dolly Khanna Forum

Today, 27th December 2016, Porinju Veliyath's EQUITY INTELLIGENCE INDIA PRIVATE LIMITED bought 55858 shares of Saksoft Limited for Rs. 267.34 each. the shares were bought in BULK DEAL.

Saksoft closed 20% in upper circuit of Rs. 270.45.

Why Porinju bought Saksoft?

Saksoft Limited was founded in 1999. It is an information technology company, provides information management solutions to organizations.

Will Saksoft be a multibagger?

Saksoft hits 20% upper circuit, to buy 60% stake in DreamOrbit The company has signed an agreement to acquire majority stake (60 percent) in Bengaluru based DreamOrbit Softech.

Stock is looking good for investment in medium term with target price of Rs. 400.

Saksoft has corrected below 200 and no more in fancy as sentiments against IT stocks are at low.. Nothing has changed to fundamentals and results of the company.Is it time to load saksoft at this levels from a long term view?

valuepicker wrote:Saksoft has corrected below 200 and no more in fancy as sentiments against IT stocks are at low.. Nothing has changed to fundamentals and results of the company.Is it time to load saksoft at this levels from a long term view?

Some allocation to the IT sector does make sense. The fortunes of the sector will change. If there is a massive sell-off and the rupee depreciates, IT stocks will come into fancy again. It is a good idea to have high-quality IT stocks in the portfolio.