Chart Check: After 100% rally in 6 months, breakout from bullish flag pattern makes this IT firm a top buy

Chart Check: After 100% rally in 6 months, breakout from bullish flag pattern makes this IT firm a top buy

Zensar Technologies, part of the IT sector, has more than doubled investors’ wealth in the last 6 months to hit a fresh 52-week high in July 2023 and the chart structure suggests that the rally may not be over yet. The stock rose from Rs 216 recorded on January 17th, 2023, to Rs 438 as … Read more

Midyear Wrap: 4 out of every 5 BSE500 stocks settle with deep cuts

Midyear Wrap: 4 out of every 5 BSE500 stocks settle with deep cuts

The first six months of 2022 have proved volatile for domestic equity markets. Benchmarks Sensex and Nifty have registered double-digit cuts, while indices used to track second rung counters are down up to 17 per cent so far this year. According to the data from AceEquity, 392 stocks out of the BSE 500 index have … Read more

Cloud services driving growth for Zensar as clients invest in digital transformation projects

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PUNE: Mid-size IT services firm Zensar said there has been good traction in its Cloud business as clients continue to invest in digital transformation projects. Its Cloud business grew 8.5% sequentially, even as the company reported a 7% drop in revenue during the quarter. “We are seeing very good traction in the Cloud business, in … Read more