High ROE & high ROCE stock: Tech powerhouse company achieves empanelment with Hindustan Petroleum Corporation Ltd (HPCL)

The stock is up by 61 per cent from its 52-week low of Rs 833.33 per share.

On Monday, one of the Top Gainers on NSE, shares of Sahana System Limited, gained 5 per cent to an intraday high of Rs 1,339.55 per share from its previous closing of Rs 1,275.80 per share.  

Sahana System Limited (NSE: SAHANA) | Sahana distinguished provider of cutting-edge IT Service Management solutions, announces its successful empanelment with Hindustan Petroleum Corporation Limited (HPCL), a Government of India Enterprise and a prominent player in the Indian oil and gas industry, involved in refining, marketing, and distribution of petroleum products.  

This noteworthy achievement underscores HPCL's confidence in Sahana’s capabilities and expertise in delivering robust IT Service Management work. Following a rigorous evaluation process, Sahana has been recognised for its commitment to excellence and adherence to stringent industry standards. The empanelment encompasses "IT Service Management Work" with a substantial financial limit of Rs 100 Lakhs & Above." The valued partnership registration is valid for three years, subject to performance reviews and potential updates to registered items and financial limits.

Established in 2013 and headquartered in Ahmedabad, Gujarat, Sahana System Limited stands as a pioneering IT services provider, delivering innovative and cutting-edge technology solutions across diverse sectors, including Defencetech, Fintech, Healthtech, Edutech, and Master System Integration. Their expertise spans Artificial Intelligence, Machine Learning, Internet of Things, Business Intelligence, Blockchain, and IT outsourcing, allowing them to cater to the unique needs of various clients and foster long-term partnerships. Committed to the highest standards of quality and operational excellence as a CMMI Maturity Level 5 compliant and ISO-certified company (ISO 9001:2015 and ISO/IEC 27001:2013), Sahana System Limited boasts an impressive track record of repeat business and serves as a trusted partner to prominent enterprises, government bodies, defence organizations, and financial institutions, driving innovation and growth through collaborative relationships.

The company has a market cap of Rs 1,184 crore. The shares of the company have an ROE of 54 per cent and a ROCE of 55 per cent. The stock is up by 61 per cent from its 52-week low of Rs 833.33 per share.

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