Sasken Technologies rises on collaborating with Qualcomm
Sasken Technologies is currently trading at Rs. 1095.55, up by 2.85 points or 0.26% from its previous closing of Rs. 1092.70 on the BSE.
The scrip opened at Rs. 1106.75 and has touched a high and low of Rs. 1111.25 and Rs. 1093.00 respectively. So far 213 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1168.45 on 06-Sep-2023 and a 52 week low of Rs. 774.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1138.25 and Rs. 1043.00 respectively. The current market cap of the company is Rs. 1659.13 crore.
The promoters holding in the company stood at 43.38%, while Institutions and Non-Institutions held 18.60% and 38.02% respectively.
Sasken Technologies has entered into collaboration with Qualcomm Technologies, Inc., a pioneer in wireless technologies, through the Qualcomm IoT Accelerator Program. This collaboration marks a significant milestone in the realm of Internet of Things (IoT) innovation and underscores both companies' commitment to shaping the future of connected devices and services.
This collaboration aims to address the challenges faced by various industries in their IoT endeavors, such as achieving seamless integration, scalability, and security. By leveraging Sasken's end-to-end IoT capabilities and Qualcomm Technologies' industry-leading wireless technologies, the collaboration is poised to empower businesses with innovative solutions that drive efficiency, productivity, and transformative growth.
Sasken Technologies is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, Telecom, and Transportation industries.