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ZEN TECHNOLOGIES Gains 4%; BSE IT Index Down 1.0%
Thu, 8 Aug 11:32

ZEN TECHNOLOGIES Gains 4%; BSE IT Index Down 1.0%Image source: phive2015/www.istockphoto.com

ZEN TECHNOLOGIES share price has zoomed 4% and is presently trading at Rs 1,713.0.

Meanwhile, the BSE IT index is at 39,547.8 (down 1.0%).

Among the top gainers in the BSE IT index today are ROUTE MOBILE (up 7.3%) and Oracle Financial Services (up 1.5%).

Infosys (down 2.1%) and LTIMINDTREE (down 1.8%) are among the top losers today.

Over the last one year, ZEN TECHNOLOGIES has moved up from Rs 674.8 to Rs 1,713.0, registering a gain of Rs 1,038.3 (up 153.9%).

On the other hand, the BSE IT index has moved up from 31,109.7 to 39,547.8, registering a gain of 27.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 157.2%), INFIBEAM AVENUES (up 125.4%) and Firstsource Solutions (up 96.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,160.7 (down 0.4%).

The top losers among the BSE Sensex today are Infosys (down 2.1%) and Power Grid Corp. (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,197.2 (down 0.4%). BPCL and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,160.7, registering a gain of 13,207.2 points (up 20.0%).

ZEN TECHNOLOGIES Financial Update...

ZEN TECHNOLOGIES net profit grew 64.1% YoY to Rs 795 million for the quarter ended June 2024, compared to a profit of Rs 484 million a year ago. Net sales rose 92.2% to Rs 2,546 million during the period as against Rs 1,324 million in April-June 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 89.7.


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