Sasken Technologies defies market trends with 13% surge; forges IoT partnership with Qualcomm

Despite the persistent downtrend in domestic indices, where all sectoral indices dipped into the red, a shining exception emerged in the form of the BSE Smallcap index, which outperformed the broader market by a significant margin.

In the midst of this challenging market environment, Sasken Technologies Ltd, the top gainer in the BSE Smallcap segment, caught the attention of small-cap investors with a robust uptrend. On Wednesday, during intraday trading, Sasken Technologies Ltd saw its shares surge by over 13%, reaching a 52-week high of Rs 1,208.90 per share on the BSE.

The company unveiled a groundbreaking partnership with Qualcomm Technologies Inc., a pioneer in wireless technology, as part of the Qualcomm IoT Accelerator Program. This collaboration signifies a remarkable achievement in the realm of Internet of Things (IoT) innovation, underlining the shared commitment of both entities to shaping the landscape of connected devices and services, promising a dynamic future in this field.

The primary objective of this partnership is to address the challenges faced by various industries in their pursuit of IoT initiatives, including the achievement of seamless integration, scalability, and security. Leveraging Sasken Technologies’ extensive IoT expertise and Qualcomm Technologies’ cutting-edge wireless technologies, this collaboration is well-positioned to provide businesses with innovative solutions aimed at boosting efficiency, and productivity, and facilitating transformative growth.

Sasken Technologies Ltd is a renowned expert in the fields of product engineering and digital transformation, offering end-to-end research and development services. They serve a wide array of industries, including semiconductors, automotive, consumer electronics, telecom, and transportation. With an impressive track record spanning over three decades and a multitude of patents to its name, the company has played a pivotal role in revitalizing the operations of more than a hundred Fortune 500 companies.

Stay vigilant and keep a close watch on this stock in the upcoming trading sessions, as it continues to defy market trends and make waves with its innovative strides and partnerships.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.