Zensar Technologies drops after net profit declines

India Infoline News Service | Mumbai | October 18, 2016 16:45 IST

The consolidated net profit declined by 2.5% QoQ to Rs 74.5 crore against Rs 76.5 crore of last quarter due to fall in other income.

Zensar Technologies Ltd  ended at Rs 997.95, down by Rs 11.05 or 1.1% from its previous closing of Rs 1009 on the BSE.  The consolidated net revenue for the quarter grew by 2% QoQ to Rs. 772 cr against Rs 757 crore in the previous quarter.

The consolidated net profit declined by 2.5% QoQ to Rs 74.5 crore against Rs 76.5 crore of last quarter due to fall in other income.

The scrip opened at Rs 994 and has touched a high and low of Rs 997 and Rs 948.8 respectively. So far 108412 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4515.1 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1136.05 on 09-Aug-2016 and a 52 week low of Rs 805 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 1024.65 and Rs 989.95 respectively.

The promoters holding in the company stood at 47.94 % while Institutions and Non-Institutions held 16.06 % and 36 % respectively.

The stock is currently trading below its 50 DMA.

***Note: This is a NSE Chart

 

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