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Zensar Technologies surges on aiming overseas acquisition for $20-25 million

15 Feb 2012 Evaluate

Zensar Technologies is currently trading at Rs. 180.00, up by 5.55 points or 3.18% from its previous closing of Rs. 174.45 on the BSE.

The scrip opened at Rs. 177.25 and has touched a high and low of Rs. 183.85 and Rs. 177.10 respectively. So far 6402 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 193.30 on 21-Apr-2011 and a 52 week low of Rs. 113.15 on 21-Nov-2011.

Last one week high and low of the scrip stood at Rs. 183.85 and Rs. 168.40 respectively. The current market cap of the company is Rs. 789.83 crore.

The promoters holding in the company stood at 47.93% while Institutions and Non-Institutions held 10.86% and 41.22% respectively.

Zensar Technologies is likely to acquire two companies in the area of SAP or an infrastructure management (IM) firm in the US and Europe for about $20-25 million in the next 9-12 months.

The company is also planning to set up its third special economic zone after Pune and Hyderabad next year. This time, the company is looking for a Tier-III city. It could be an SEZ or a development centre but not certainly in a big city.

The company net profit increased 71.87%, to Rs 35.01 crore in the third quarter ended December 31, 2011 compared with Rs 20.37 crore in the year-ago period. Net sales grew 26.86% to Rs 196.78 crore in the quarter under review as compared with Rs 155.12 crore in the same quarter last year.

Zensar Technologies Share Price

549.55 -7.30 (-1.31%)
13-Apr-2026 16:59 View Price Chart
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