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ZEN TECHNOLOGIES Plunges 4%; BSE IT Index Down 0.0%
Thu, 29 Aug 9:32

ZEN TECHNOLOGIES Plunges 4%; BSE IT Index Down 0.0%Image source: DNY59/www.istockphoto.com

ZEN TECHNOLOGIES share price has plunged 4% and is presently trading at Rs 1,747.6.

Meanwhile, the BSE IT index is at 43,214.9 .

Among the top losers in the BSE IT index today are Tata Elxsi (down 1.6%) and TANLA SOLUTIONS (down 1.3%).

Sonata Software (up 4.3%) and Birlasoft (up 1.8%) are among the top gainers today.

Over the last one year, ZEN TECHNOLOGIES has moved up from Rs 813.6 to Rs 1,747.6, registering a gain of Rs 934.0 (up 114.8%).

On the other hand, the BSE IT index has moved up from 31,145.7 to 43,214.9, registering a gain of 38.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 174.5%), INFIBEAM AVENUES (up 121.3%) and PERSISTENT SYSTEMS (up 97.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,858.3 (up 0.1%).

The top gainers among the BSE Sensex today are Sun Pharma (up 0.6%) and HDFC Bank (up 0.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,054.3 . Cipla and Bajaj Auto are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 81,858.3, registering a gain of 16,861.7 points (up 25.9%).

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 98.3.


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