Zensar Technologies

Analysts remain cautious on mid-and-smallcap segments and suggest earnings need to catch up before the stocks start to recover

Investment firm Plutus Wealth Management on Wednesday bought shares of IT company Zensar Technologies Ltd for Rs 167 crore through an open market transaction

Stocks to Watch Today: The primary market too is likely to be abuzz with activity with three IPOs namely - Delhivery, Prudent Corporate Advisory Services IPO and Venus Pipes IPO open for subscription.

Zensar Technologies said its net profit declined 7.8 per cent to Rs 91 crore for the December 2021 quarter.

Axis Bank, HDFC AMC, Indian Energy Exchange, SBI Cards, Shriram Transport Finance, Steel Strips Wheels, and Zensar Technologies to announce results today.

At 09:15 am; around 26.82 million shares representing 11.87 per cent of total equity of Zensar Technologies changed hands on the BSE, the exchange data showed.

Zensar Technologies on Tuesday reported a 7.5 per cent rise in net profit to Rs 94.4 crore for the second quarter ended on September 30, 2021. It had posted a profit of Rs 87.8 crore in the year-ago period, Zensar Technologies said in a statement. The company's operating revenue rose 12.2 per cent to Rs 1,050.6 crore in the reported quarter from Rs 936.4 crore in the same period last fiscal, it added. "Q2FY22 has been one of our strongest quarters in the recent past, with revenues seeing a sequential quarter-on-quarter growth of 12.3 per cent on a constant currency basis. This performance is bolstered by broad-based growth across all geographies, service lines, and verticals," Zensar Technologies CEO and Managing Director Ajay S Bhutoria said. He added that different regions have posted strong performances, with new clients being added and incremental business being driven from existing clients. "We continue to build competency and scale in focus on strategic growth opportunities

Zensar Technologies hits a new high of Rs 572.25, surging 17 per cent on the BSE in intra-day trades on Wednesday on the back heavy volume

In the past four weeks, the BSE IT index has outperformed the market by surging 12 per cent, as compared to a 6.4 per cent rise in the S&P BSE Sensex

Rebranding comes on the back of strategic investments in building capabilities that help businesses take disruptive experiences and products to market with velocity

This acquisition will be completely funded by internal accruals. Financial details of the deal were not disclosed

On a year-to-date basis, Zensar is up 15.63 per cent as against a gain of 4 per cent in Sensex

The patent is on the idea of ZenVerse which is designed to be a direct platform or channel for the entire organisation to interact with the organisation's CEO, CXOs

Operating revenue fell 7 per cent to Rs 991.2 crore in the reported quarter from Rs 1,066.1 crore in the corresponding period of previous financial year, it added

Capgemini which employs about 110,000 employs in India has about 5 per cent of its workers coming to office

The company's dollar revenue declined 5.9 per cent in Q3FY20, against analysts' estimates of 1.1 per cent growth on sequential basis.

Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

Zensar to buy US-based PSI Holdings Group

The stock rallied 5% to Rs 352 on the BSE in intra-day trade after the stock turning ex-date for stock split in the ratio of 5 for 1.

The stock has surged 7% to Rs 968 on the BSE in early morning trade, trading close to its 52-week high of Rs 1,000.