Sahana Systems Long Term Investment Idea💡

Introduction

Sahana System Ltd. engages in providing web and mobile app development, graphic design, and digital marketing services. It operates through the Information Technology (IT) Services and Hardware Trading segments. The IT Service segment offers artificial intelligence (AI) and machine learning (ML) development, ChatBot development, product prototyping, user interface (UI)/user experience (UX) design, cyber security, and outsourcing of IT services. The Hardware Trading segment handles trading of hardware instruments related to franking machines, computers, and laptops.

Observation

After listing Stock already give 1200% retune and now it is retracement from its high and taking good rising trend line support and 20-week ema support as well with good trading volume and good RSI

Let's touch fundamentals

ROCE - 55%
ROE - 54.4%
Debt to equity - 0.06
PE - 46
Promoter Holding - 61%
Public holding - 41%
Promoter Holding Pledge - zero

Technical Analysis & indicators 🔍

Weekly chart
Rounding Bottom
Higher High, Higher Low

News of the day

1. State-owned power producer NTPC has incorporated a 50-50 joint venture company with Oil and Natural Gas Corporation ONGC, according to a Monday filing to the stock exchanges.The joint venture named ONGC NTPC Green was formed by NTPC Green Energy, a wholly-owned subsidiary of NTPC, and ONGC Green, a wholly-owned subsidiary of ONGC, the filing said.The JV will be involved in the exploration and establishment of renewable energy projects and assets through acquisitions as well as greenfield development, according to the filing.

2. Seamec has completed the repairs of its vessel SEAMEC II and placed it back on hire with Oil and Natural Gas Corporation ONGC effective from Nov. 16, according to a Monday filing to the stock exchanges

3. The Nifty IT index tumbled nearly 3 percent on November 18 after US Federal Reserve Chair Jerome Powell said that there was no need to rush to lower interest rates due to ongoing economic growth, a solid job market and inflation that remains above its 2 percent target

Educational content 📖

This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.

Tue Nov 19, 2024