Multibagger IT stock jumps after forging strategic alliance with Indian Port Rail & Ropeway Corporation Ltd
The stock is up by 64 per cent from its 52-week low of Rs 833.33 per share and has given multibagger returns of 767 per cent in 3 years.
On Wednesday, shares of Sahana System Limited, gained 4.4 per cent to an intraday high of Rs 1,364 per share from its previous closing of Rs 1,306.60 per share.
Sahana System Limited (NSE: SAHANA), a prominent IT Service Management solutions provider, announced a significant strategic alliance with the Indian Port Rail & Ropeway Corporation Limited (IPRCL). This partnership, formalised through a Memorandum of Understanding (MOU) executed on May 5, 2025, is geared towards enhancing evacuation systems for Major Ports across India, ultimately aiming to boost their capacity and throughput. The collaboration will see both entities explore ongoing and upcoming opportunities within Artificial Intelligence (AI), Information Technology (IT), and Electronic Warfare (EW) sectors, based on mutual agreement.
The alliance between Sahana and IPRCL is structured to foster effective collaboration through formal agreements on a work-to-work basis and to jointly identify and bid for business opportunities, thereby strengthening their competitive market position. This strategic partnership is set to last for five years, promising several key benefits. These include Sahana gaining access to IPRCL's extensive network of Major Ports, leveraging IPRCL's expertise to enhance project execution capabilities, integrating cutting-edge technologies like AI, IT, and EW into their projects, and ultimately strengthening Sahana's competitive standing to secure high-value contracts.
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Sahana System Limited, established in 2013, is a pioneering force in the IT services industry. Headquartered in Ahmedabad, Gujarat, our organisation specialises in delivering innovative, cutting-edge technology solutions. Our expertise encompasses Artificial Intelligence, Machine learning, Internet of Things, Business Intelligence, Blockchain, IT outsourcing and a wide range of other specialised services. With a diverse industry presence, the company have a strong foothold in Defencetech, Fintech, Healthtech, Edutech and Master System Integration.
The company has a market cap of over Rs 1,200 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 64 per cent from its 52-week low of Rs 833.33 per share and has given multibagger returns of 767 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.