I am employee of "Sasken Communication Technologies Ltd.". If you are used to trade and investing in market then invest on this company. currently share stock price is 190.90(INR) on NSE. Surely you will get double in 15/30 days. I invest in this company in some lakhs when share rate was 91 Rs(INR) just before three weeks , today i am getting 109% increased. If someone intrested I will give the reason of it also.
Sasken has come up with very good numbers and so probably the reason. I had a chance to get into stock at around 160 and sold with some moderate gains.
Yes!!! You are correct. Actually SASKEN provides services for Nortel networks .The reason is as Friday April 18, 02:21 AM Nortel to log out of Sasken Comm By Rishi Raj Canadian telecom equipment & technology solutions provider Nortel plans to exit Sasken Communication Technologies Ltd, a Bangalore-based telecom R&D outsourcing firm. Industry sources say Nortel, which holds about 11.31% stake in Sasken, bought in April 2005 at $10 million, has intimated Sasken about its plan. Sasken's board is meeting on Friday, April 18, to consider the buyback proposal. While an e-mail query to Nortel about the plan remain unanswered, Sasken officials said the company is in the silence period, and not aware of any such development, so would not comment. Nortel, a telecom equipment supplier with several applications, is on a revival mode after hitting a rough patch in the recent past. In fact, last month the company bagged a $100-million order from state-owned Bharat Sanchar Nigam Ltd (BSNL) for its GSM expansion project. Sasken, which is into telecom R&D outsourcing, has been a key supplier to Nortel since 1991 and has supported the company's GSM digital wireless and enterprise communications solutions. In April 2005, when Nortel invested in Sasken, the company had said that the two would work together to develop new software and deploy Nortel networking solutions. "This investment strengthens Nortel's strategic relationship with Sasken and aligns with Nortel's objective to bring greater capabilities to customers in the critical emerging markets," the firms had said.
I just got into the stock today once again around 190 and it looks like 5th May we have the start of the buy back
One more Information Just watch daily for one telecom indian based company "SUBEX Ltd". before One year, it's share price was 725 Rs. for long time. And average was 675. Now it's daily going down reached to 175 rs per share. Dont buy just wait for minimum share price then analysis and buy and left for six month. You can get 4 or 5 times more amount. But just wait it may be go till two digit because today Q4 result of this company is very bad loss of 50 crores. So Guy wait !!!! One reason for falling down that Subex System Ltd has acquired one canadian telecom product investment of 600 Crore(INR). and other reason is that Subex dropped two projects. So dont buy at once just wait. and i will inform at right time . please watch and analyze yourself and share with us.
Its nothing like you have done any mistake for which you need to be sorry. Its just that its a chit chat forum where you can discuss whatever you think and like but just a reminder.
Hello.. Stock market is a market in which you earn bulky amount of money and also you loss the bulky amount of money.. Before one month i invest some money in one company but when i invest at that time the market is high but after some hours its gone down and after its gone some much down so i sale my stock and i seen so much of loss..
