Sasken Communication trades in green on the BSE

Sasken Communication Technologies is currently trading at Rs. 202.85, up by 1.60 points or 0.80% from its previous closing of Rs. 201.25 on the BSE. The scrip opened at Rs. 202.00 and has touched a high and low of Rs. 202.95 and Rs. 200.40 respectively. So far 1096 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 234.90 on 21-Apr-2014 and a 52 week low of Rs. 100.60 on 04-Sep-2013. Last one week high and low of the scrip stood at Rs. 209.50 and Rs. 196.65 respectively. The current market cap of the company is Rs. 430.41 crore. The promoters holding in the company stood at 36.51% while Institutions and Non-Institutions held 1.25% and 62.24% respectively. Sasken Communication Technologies has been appraised at Level 3 of the CMMI Institute’s Capability Maturity Model Integration (CMMI). The appraisal was performed by QAI India. CMMI is a process improvement approach that provides organizations with the essential elements of effective processes that ultimately improve their performance. An appraisal at maturity level 3 indicates the organization is performing at a defined level. At this level, processes are well characterized and understood, and are described in standards, procedures, tools, and methods. The organization’s set of standard processes, which is the basis for maturity level 3, is established and improved over time. Sasken is a leader in providing Engineering R&D and Productized IT services to global tier 1 customers in the Communications & Devices, Retail, Insurance and Independent Software space.