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ZEN TECHNOLOGIES Gains 8%; BSE IT Index Down 0.1%
Wed, 3 Jul 11:36

ZEN TECHNOLOGIES Gains 8%; BSE IT Index Down 0.1%Image source: DNY59/www.istockphoto.com

ZEN TECHNOLOGIES share price has zoomed 8% and is presently trading at Rs 1,398.6.

Meanwhile, the BSE IT index is at 37,999.6 (down 0.1%).

Among the top gainers in the BSE IT index today are KPIT TECHNOLOGIES (up 3.4%) and PERSISTENT SYSTEMS (up 1.5%).

CYIENT (down 1.4%) and TCS (down 1.3%) are among the top losers today.

Over the last one year, ZEN TECHNOLOGIES has moved up from Rs 421.6 to Rs 1,398.6, registering a gain of Rs 977.1 (up 231.8%).

On the other hand, the BSE IT index has moved up from 29,747.6 to 37,999.6, registering a gain of 27.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 170.6%), Birlasoft (up 100.5%) and ZENSAR TECHNOLOGIES (up 93.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,874.1 (up 0.5%).

The top gainers among the BSE Sensex today are HDFC Bank (up 3.1%) and Axis Bank (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,265.5 (up 0.6%). HDFC Bank and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 79,874.1, registering a gain of 14,669.0 points (up 22.5%).

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 90.8.

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