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ZEN TECHNOLOGIES Gains 6%; BSE IT Index Up 0.6%
Wed, 12 Jun 12:45

ZEN TECHNOLOGIES share price has zoomed 6% and is presently trading at Rs 1,047.0.

Meanwhile, the BSE IT index is at 35,597.0 (up 0.6%).

Among the top gainers in the BSE IT index today are TANLA SOLUTIONS (up 5.2%) and INFIBEAM AVENUES (up 4.7%).

ROUTE MOBILE (down 0.5%) and Eclerx Services (down 0.3%) are among the top losers today.

Over the last one year, ZEN TECHNOLOGIES has moved up from Rs 427.0 to Rs 1,047.0, registering a gain of Rs 620.0 (up 145.2%).

On the other hand, the BSE IT index has moved up from 29,076.2 to 35,597.0, registering a gain of 22.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 143.5%), INFIBEAM AVENUES (up 111.5%) and Birlasoft (up 100.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 76,916.0 (up 0.6%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 2.0%) and Bajaj Finance (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,418.9 (up 0.7%). Coal India and Power Grid Corp. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,916.0, registering a gain of 14,191.3 points (up 22.6%).

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 67.9.

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