ZENSAR TECHNOLOGIES Surges by 5%; BSE IT Index Up 0.3%

August 9, 2019 09:22 AM

ZENSAR TECHNOLOGIES share price has zoomed 5% and is presently trading at Rs 227.

Meanwhile, the BSE IT Index is at 16,001 (up 0.3%).

Among the top Gainers in the BSE IT Index today are ZENSAR TECHNOLOGIES (up 5.1%) and HCL TECHNOLOGIES (up 6.4%).

MPHASIS (down 0.3%) and CYIENT (down 0.9%) are among the top losers today.

Over the last one year, ZENSAR TECHNOLOGIES has moved down from Rs 229 to Rs 227, registering a loss of Rs 2 (down 0.7%).

On the other hand, the BSE IT has moved up from 14,567 to 16,001, registering a gain of 1,434 points (up 9.8%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were WIPRO (up 27.4%), INFOSYS (up 16.1%) and TCS (up 15.0%).

What About the Benchmark Indices?

The BSE Sensex is at 37,521 (up 0.5%).

The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 6.4%), POWER GRID (up 2.1%) and VEDANTA LTD (up 1.0%). Other gainers include INDUSIND BANK (up 1.0%) and YES BANK (up 1.0%). The most traded stocks in the BSE Sensex are HCL TECHNOLOGIES and POWER GRID.

In the meantime, NSE Nifty is at 11,107 (up 0.6%). INDIABULLS HOU. FIN. (up 2.5%) and POWER GRID (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,888 to 37,521, registering a gain of -367 points (up -1.0%).

ZENSAR TECHNOLOGIES Financial Update...

ZENSAR TECHNOLOGIES net profit stood at Rs 757 million for the quarter ended June 2019, compared to a profit of Rs 565 million a year ago. Net Sales rose 3.4% to Rs 10.7 billion during the period as against Rs 10.4 billion in April-June 2018.

For the year ended March 2018, ZENSAR TECHNOLOGIES reported 3.4% increase in net profit to Rs 2.5 billion compared to net profit of Rs 2.4 billion during FY17.

Revenue of the company grew 1.7% to Rs 31 billion during FY18.

The current Price to earnings ratio of ZENSAR TECHNOLOGIES, based on rolling 12 month earnings, stands at 3.3x.