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ZEN TECHNOLOGIES Gains 4%; BSE IT Index Down 0.0%
Mon, 22 Jul 15:36

ZEN TECHNOLOGIES Gains 4%; BSE IT Index Down 0.0%Image source: ipopba/www.istockphoto.com

ZEN TECHNOLOGIES share price has zoomed 4% and is presently trading at Rs 1,435.0.

Meanwhile, the BSE IT index is at 40,615.8 .

Among the top gainers in the BSE IT index today are PERSISTENT SYSTEMS (up 3.7%) and CYIENT (up 2.6%).

Wipro (down 9.2%) and INTELLECT DESIGN (down 4.3%) are among the top losers today.

Over the last one year, ZEN TECHNOLOGIES has moved up from Rs 602.6 to Rs 1,435.0, registering a gain of Rs 832.4 (up 138.1%).

On the other hand, the BSE IT index has moved up from 31,739.1 to 40,615.8, registering a gain of 28.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 176.2%), PERSISTENT SYSTEMS (up 90.9%) and INFIBEAM AVENUES (up 86.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,542.5 (down 0.1%).

The top losers among the BSE Sensex today are Reliance Ind. (down 3.4%) and Kotak Bank (down 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,515.9 (down 0.1%). Wipro and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,542.5, registering a gain of 13,747.4 points (up 20.6%).

ZEN TECHNOLOGIES Financial Update...

ZEN TECHNOLOGIES net profit grew 60.8% YoY to Rs 376 million for the quarter ended March 2024, compared to a profit of Rs 234 million a year ago. Net sales rose 47.5% to Rs 1,414 million during the period as against Rs 959 million in January-March 2023.

For the year ended March 2023, ZEN TECHNOLOGIES reported 1814.8% increase in net profit to Rs 500 million compared to net profit of Rs 26 million during FY22. Revenue of the company grew 213.7% to Rs 2,188 million during FY23.

The current Price to earnings ratio of ZEN TECHNOLOGIES, based on rolling 12 month earnings, stands at 93.1.


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