Shares of Sasken Technologies jumped 17.15% in five trading sessions from its recent closing low of Rs 930.45 on 30 August 2023.

The stock hit 52-week high of Rs 1,168.45 today. The counter has climbed 40.83% from its 52-week low of Rs 774 hit on 28 March 2023.

On the BSE, 26,610 shares were traded in the counter so far compared with average daily volumes of 1,505 shares in the past two weeks.

The scrip had outperformed the market in past one month, advancing 15.74% as against 0.11% decrease in Sensex.

The scrip outperformed the market in past one quarter, rising 25.82% as against Sensex's 4.55% increase.

The counter had outperformed the market in past one year, jumping 27.17% as against Sensex's 10.9% surge.

On the technical front, the stock's daily RSI (relative strength index) stood at 76.870. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 959.50, 902.98 and 898.64, respectively. These levels will act as crucial support zones in near term.

Sasken Technologies is a specialist in product engineering and digital transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in semiconductor, automotive, industrials, consumer electronics, enterprise devices, satcom, telecom, and transportation industries.

The company's consolidated net profit jumped 50.56% to Rs 25.70 crore despite of 4.28% decrease in net sales to Rs 98.49 crore in Q1 FY24 over Q4 FY23.