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%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
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 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.
Equitymaster requests your view! Post a comment on "ZEN TECHNOLOGIES Plunges 4%; BSE IT Index Down 0.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!