20% Upper Circuit: IT stock surges 20% after securing order nearly double its market cap

SYNOPSIS: S A Tech Software India secured a two-year contract worth approximately Rs. 100 crores from a leading US-based advanced mobility solutions provider, as disclosed in its latest NSE filing.

During Friday’s trading session, shares of a company involved in providing application development, mobile app development, cloud infrastructure, IoT solutions, data science, and other allied services hit a 20 percent upper circuit on NSE, after securing a 2-year contract worth nearly double its market cap.

With a market cap of Rs. 56 crores, shares of S A Tech Software India Limited hit a 20 percent upper circuit at Rs. 42.7 on NSE, as against its previous closing price of Rs. 35.6. Additionally, the stock is currently trading at a discount of more than 72 percent from its 52-week high of Rs. 154.85.

What’s the News:

According to the latest disclosures filed with the NSE, S A Tech Software India Limited has entered into a contract with one of the leading US-based advanced mobility solutions providers, securing a 2-year contract, with an estimated value of around Rs. 100 crores – nearly twice its market capitalisation.

Financials & More:

S A Tech Software posted a slight contraction in revenue from operations, declining by nearly 0.23 percent year-on-year from Rs. 51 crore in H1 FY25 to Rs. 49.6 crore in H1 FY26. Over the same period, the company swung to a net loss of Rs. 0.66 crore, compared with a net profit of Rs. 4.5 crore in the previous year.

Founded in 2012, S A Tech Software India Limited is an IT consulting subsidiary of the foreign corporation SA Technologies Inc., USA. The company is engaged in the business of IT Staffing, IT Services and information technology-enabled services. It has its development centres at Pune and Bangalore. 

The company’s service offerings include artificial intelligence (AI) and machine learning (ML), software development and engineering, digital transformation and automation, cloud and DevOps services, quality assurance and testing and Global Capability Centre (GCC).

Written by Shivani Singh

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