The Hindu Business Line : Good results buzz boosts Zensar Tech scrip

THE counter of IT company Zensar Technologies gained on Thursday. Stock price of the company closed at Rs 140.60, up 8.57 per cent, with volumes of 2.80 lakh on shares on the BSE; on the NSE, it closed at Rs 140.70, up 8.82 per cent, with volumes of 5.05 lakh shares.

Dealers said rise in the stock price was ahead of the company financial results scheduled on Friday.

The talk is that the second quarter results of the company are expected to be better than the first quarter.

These expectations are also on the back of good results announced by leading IT companies such as Infosys and TCS.

On real estate boom

CONSTRUCTION and real estate company Ansal Properties attracted interest of market players on Thursday.

Dealers said the interest in the counter is on the back of the boom in the real estate in various parts of the country where the company has undertaken various projects.

The talk is that the company's various projects have received good response from the real estate market.

Market players feel that the future growth of the company would be very fast and this is leading to interest in the stock.

On Thursday, the stock price of the company gained 10.64 per cent at Rs 37.95 on BSE with volume of 28,694 shares.

Gains on growth hopes

THE stock price of small IT company Helios & Mathenson is continuously on the rise even after the announcement of 1:1 bonus issue.

Dealers said the interest in the stock is beyond bonus issue.

The talk is that the company has recently acquired companies and this is expected to bring sharp growth for the company.

Dealers said the company has already showed good performance in the first two quarters of this fiscal and the next few quarters would be even much better.

In the first six months, it reported net profit of Rs 7.24 crore while for the full financial year of 2003-04, net profit was Rs 7.95 crore.

The talk is that the revenues and profits for the company are expected to grow more than 100 per cent each year. This is due to the various orders the company is getting from the leading international companies.

On Thursday, the stock price of the company gained 9.54 per cent at Rs 198.15 on BSE with volume of 2.81 lakh shares.

Virendra Verma

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