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ZEN TECHNOLOGIES Gains 5%; BSE IT Index Up 1.0%
Wed, 9 Oct 13:45

ZEN TECHNOLOGIES Gains 5%; BSE IT Index Up 1.0%Image source: StarLineArts/www.istockphoto.com

ZEN TECHNOLOGIES share price has zoomed 5% and is presently trading at Rs 1,735.0.

Meanwhile, the BSE IT index is at 43,140.8 (up 1.0%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 4.3%) and Birlasoft (up 3.0%).

Firstsource Solutions (down 0.3%) is among the top losers today.

Over the last one year, ZEN TECHNOLOGIES has moved up from Rs 709.5 to Rs 1,735.0, registering a gain of Rs 1,025.5 (up 144.5%).

On the other hand, the BSE IT index has moved up from 32,584.2 to 43,140.8, registering a gain of 32.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 185.4%), Firstsource Solutions (up 96.8%) and PERSISTENT SYSTEMS (up 91.7%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,778.0 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.6%) and Maruti Suzuki (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,104.1 (up 0.4%). Tata Motors and Cipla are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 81,778.0, registering a gain of 16,265.6 points (up 24.8%).

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 2024, ZEN TECHNOLOGIES reported 159.2% increase in net profit to Rs 1,295 million compared to net profit of Rs 500 million during FY23. Revenue of the company grew 101.0% to Rs 4,399 million during FY24.

The current Price to earnings ratio of ZEN TECHNOLOGIES, based on rolling 12 month earnings, stands at 97.6.

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