Sasken Technologies Ltd. saw its shares surge by up to 13 percent on Wednesday, reaching a new 52-week high.
This surge followed the company’s announcement of its collaboration with Qualcomm Technologies Inc. as part of the Qualcomm IoT Accelerator Program. The partnership aims to address challenges faced by various industries in their IoT initiatives, including achieving seamless integration, scalability, and security. Sasken Technologies, known for its work in product engineering and digital transformation, holds multiple patents. It’s worth noting that Qualcomm is a trademark of Qualcomm Incorporated, and Qualcomm branded products are the products of Qualcomm Technologies, Inc. or its subsidiaries.
In the end Sasken Technologies shares closed at Rs. 1,168, marking a significant increase of 9.14% on the NSE.