Zensar Tech share price surges 12% after healthy Q4 result, upbeat management commentary
Zensar Technologies witnessed strong buying interest, surging as much as almost 12 per cent, in intraday trade on Friday, April 26, a day after the company reported its March quarter scorecard. Zensar Tech share price opened at ₹596.65 against its previous close of ₹575.20 and surged 11.6 per cent to the level of ₹641.75 on BSE. Around 11 am, Zensar Tech share price traded 9.64 per cent higher at ₹630.65 apiece.
Equity benchmark Sensex was 0.21 per cent down at 74,179.63 at that time. Zensar Tech share price has surged as much as 115 per cent over the last year (as of April 25). Equity benchmark Sensex has gained about 24 per cent in the same period.
After market hours on April 25, Zensar Technologies said its consolidated revenue from operations for the March quarter (Q4) of the last financial year (FY24) climbed 2 per cent quarter-on-quarter (QoQ) to ₹1,229.7 crore against ₹1,204.1 crore in Q3FY24. Net profit for the quarter under review rose 7.2 per cent QoQ to ₹1,733 crore from ₹1,617 in the previous quarter. Also Read: Bajaj Finance share price falls 7% after Q4 result; Motilal Oswal downgrades stock The management's optimistic commentary on Q4 numbers appears to have influenced investors.
"Sequential growth across all our verticals is a testimony of our robust strategy and our bias towards execution excellence. We expanded our market reach with the help of our diversified service offerings. We continue to focus on client and employee satisfaction as our primary pillars of success.
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