This BSE 500 IT stock delivered amazing returns of over 100% in just a year; do you hold it?

Zensar Technologies Limited has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 221.75 on October 20, 2022, to Rs 515 on October 20, 2023, an increase of more than 100% in a one-year holding period.

An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 2 lakh today.

Zensar Technologies has reported a strong second quarter for FY24, with net sales growth of 0.5% to Rs 1,240.80 crore, compared to Rs 1,234.60 crore in the same quarter last year. The operating profit also saw a significant increase of 99.7%. The net profit for the quarter increased by 206.16% to Rs 173.90 crore, compared to the previous year’s same quarter.

Zensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India. It operates in two segments: Application Management Service and Infrastructure management service. It is focused on industry verticals, such as Hitech & manufacturing, consumer services, and banking, financial services, and insurance. They have offices located in India, the USA, the UK, Europe, and Africa.

Today, the stock opened at Rs 516.75, with a high and low of Rs 525 and Rs 510, respectively. The stock is currently trading at Rs 510.90, down by 0.15%. The stock has a 52-week high of Rs 576.60 and a 52-week low of Rs 202.00. The company has a ROCE of 14.5% and an ROE of 11.2% with a market capitalisation of Rs 11,22,7 crore.

The stock has shown impressive growth and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.