Zensar Technologies said the stock split is done to make shares more affordable to small shareholders and to increase liquidity.
In past five months, the market price of Zensar Technologies has zoomed almost 100% from Rs 177 on March 9, 2018 (adjusted to stock split). In comparison, the S&P BSE Sensex was up 15% during the same period.
At 11:19 am; the stock was trading 2% higher at Rs 342 on the BSE, as compared to 0.06% rise in the benchmark index. A combined 220,086 equity shares changed hands on the BSE and NSE so far.