Sasken Technologies shares hit a 52-week high of Rs 1,123 on 4 October after the company announced entering into a collaboration with Qualcomm Technologies.

The company announced that it has entered into a collaboration with Qualcomm Technologies through the American firm IoT ( Internet of Things) accelerator program with an aim to address the challenges faced by various industries in their IoT endeavours, such as scalability, seamless integration, and security.

This tie-up marks a significant milestone in the world of IoT innovation and underscores the commitment of both companies towards shaping the future of connected devices and services.

By leveraging the company’s end-to-end IoT capabilities and Qualcomm’s industry-leading wireless technologies, the collaboration is set to empower the business with innovative solutions that will drive productivity, efficiency, and transformative growth.

At 12:19 pm, Sasken Technologies shares were trading at Rs 1,179 or 10.17% above its previous close on NSE.