Zensar Technologies, Sonata Software and Datamatics Global Services were trading higher by more than 10%, while Nucleus Software Exports, Mindtree, Cyient, Majesco, Trigyn Technologies and Mphasis were up in the range of 2% to 8% on the BSE. On comparison, the S&P BSE Sensex was down 0.36% or 137 points at 37,715 at 01:38 pm.
Zensar Technologies hit a new high of Rs 1,428, up 12% on the BSE. RPG Group has reported a stellar industry- leading Y-on-Y revenue growth of 18.1% in the first quarter of the fiscal year (Q1FY19).
“All the core businesses of Zensar have shown good growth in constant currency terms. This is reflected in Y-o-Y profit after tax growth at 67.5% in this quarter highlighting efficient cost management and increased contribution from ZenROD solutions” said Naveen Khandelwal, chief financial officer, Zensar Technologies.
Zensar Technologies fixed September 10, 2018 as record date for 1:5 stock split to make shares more affordable to small shareholders and to increase liquidity. In past six months, the stock rallied 56% against 11% rise in the S&P BSE Sensex.
Sonata Software too surged 12% to Rs 367, trading close to its 52-week high of Rs 386 touched on April 25, 2018 on the BSE in intra-day trade. The company reported 34% Y-o-Y net profit growth at Rs 576 million in Q1FY19 on 8% Y-o-Y jump in revenues at Rs 6,883 million over the previous year quarter.
Datamatics Global Services soared 15% to Rs 118 after the company posted 34% Y-o-Y growth in net profit at Rs 216 million. Operational revenue grew 25% at Rs 2,608 million on Y-o-Y basis. EBITDA increased by about 300 basis points at 12.15% during the quarter.
On the National Stock Exchange, the Nifty IT index hit a new high of 15,022 in intra-day trade today with Infosys hitting a fresh record high of Rs 1435, up 2% on the NSE.