Zensar Tech Stock Slips 11-pc after Declines in Profit

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Shares of Zensar Technologies on Friday slipped over 11-percent after the company posted a 32.6-pc drop in profit for the December quarter (Q3FY20).

The stock slipped 11.16-pc to trade at Rs.176.70 on the NSE. On the BSE too, the scrip traded lower by similar slippage at Rs.176.90, down by 10.86-pc during the mid-noon session.

The leading IT Company Zensar Technologies on Thursday reported a 32.6-percent drop in profit to Rs.39.5-Crore for the three months ended Dec-31, 2019.Get more information stock market tips visit our website

In comparison, the company had posted a profit of Rs.58.6-cr in the year-ago period, the Company said in a regulatory filing.

The company’s revenue scaled at Rs.1020.6-Crore, in the same quarter from Rs.1022-Cr, in the equivalent period of the previous year, the company said. Meantime, an interim dividend of Re.1/-per share was approved by the BoD of the Company.

Shares of Zensar Technologies is currently (at 12.30-hrs) trading lower at Rs.176.3,5 down by Rs.22.55 or 11.34 percent from its previous closing of Rs.198.90 on the NSE.
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At the same time, the Sensex traded at 41534-level, up by 148 points and the Nifty scaled at 12234-mark, up by 53 points in trade.

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