Zensar Tech jumps after Q1 results

Zensar Technologies rose 5.98% to Rs 1,267 at 11:23 IST on BSE after consolidated net profit rose 13.32% to Rs 83.91 crore on 11.04% increase in net sales to Rs 904.66 crore in Q1 June 2018 over Q4 March 2018.

The result was announced after market hours yesterday, 9 August 2018.

Meanwhile, the S&P BSE Sensex was down 115.57 points, or 0.30% to 37,908.80.

On the BSE, 4,158 shares were traded in the counter so far compared with average daily volumes of 2,171 shares in the past two weeks. The stock had hit a high of Rs 1,290 and a low of Rs 1,220 so far during the day. The stock hit a record high of Rs 1,345.35 on 24 May 2018. The stock hit a 52-week low of Rs 729.90 on 16 February 2018.

 

Separately, Zensar Technologies said that its board has set 10 September 2018 as record date for ascertaining entitlement to sub-divided shares. The announcement was made after market hours yesterday, 9 August 2018.

At its meeting in April 2018, the company's board had approved a stock split in the ratio of five shares for every one share held.

Zensar Technologies is a leading digital solutions and technology services company that specialises in partnering with global organisations across industries on their digital transformation journey.

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