Zensar Technologies Ltd shares gained over 13 percent on January 23 after the company's Q3FY25 revenue increased by 10.09 percent year-on-year, reaching Rs 159.8 crore. The company's net profit decreased by 1.18 percent, reaching Rs 1,325.6 crore.
At 12:30 pm, Zensar Tech shares were trading 13.5% higher at Rs 851.8 apiece.
On quarter-on-quarter basis, Zensar Technologies had a 1.35 percent increase in revenue and 2.63 percent increase in profit in Q3. The operating income for the quarter was higher by 7.01 percent (Q-o-Q) and 3.91 percent higher on a Y-o-Y basis.
Zensar Technologies also announced highest-ever order book for the quarter ended December, worth a total contract value (TCV) of $205 million.
Within the coverage of 12 analysts on the company, seven recommend a 'Buy' on the stock, and four of them have a 'Hold' rating while one calls for a 'Sell'. Thus, the consensus remaining to be a strong "Buy" call.
Zensar Technologies previously faced sluggishness in the stock market, with a negative 2.6 percent return in the last week. Over the last six months, the shares had witnessed a decline of 2.22 percent on returns, 0.21 percent being a declined figure for its year-to-date return.
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