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ZENSAR TECHNOLOGIES Gains 5%; BSE IT Index Up 1.2%
Fri, 16 Aug 9:25

ZENSAR TECHNOLOGIES Gains 5%; BSE IT Index Up 1.2%Image source: Nikada/www.istockphoto.com

ZENSAR TECHNOLOGIES share price has zoomed 5% and is presently trading at Rs 779.2.

Meanwhile, the BSE IT index is at 40,930.1 (up 1.2%).

Among the top gainers in the BSE IT index today are Firstsource Solutions (up 8.3%) and PERSISTENT SYSTEMS (up 2.9%).

Over the last one year, ZENSAR TECHNOLOGIES has moved up from Rs 502.3 to Rs 779.2, registering a gain of Rs 276.9 (up 55.1%).

On the other hand, the BSE IT index has moved up from 31,218.6 to 40,930.1, registering a gain of 31.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 173.3%), INFIBEAM AVENUES (up 121.8%) and Firstsource Solutions (up 114.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,740.3 (up 0.8%).

The top gainers among the BSE Sensex today are M&M (up 2.6%) and Tata Motors (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Nestle.

In the meantime, NSE Nifty is at 24,393.4 (up 1.0%). M&M and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,740.3, registering a gain of 14,338.4 points (up 21.9%).

ZENSAR TECHNOLOGIES Financial Update...

ZENSAR TECHNOLOGIES net profit grew 1.1% YoY to Rs 1,579 million for the quarter ended June 2024, compared to a profit of Rs 1,562 million a year ago. Net sales rose 5.0% to Rs 12,881 million during the period as against Rs 12,272 million in April-June 2023.

For the year ended March 2024, ZENSAR TECHNOLOGIES reported 103.0% increase in net profit to Rs 6,650 million compared to net profit of Rs 3,276 million during FY23. Revenue of the company grew 1.1% to Rs 49,019 million during FY24.

The current Price to earnings ratio of ZENSAR TECHNOLOGIES, based on rolling 12 month earnings, stands at 26.5.


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