Hot Stock: After Quarter 3 results many stocks zoomed today and closed with the gain of more than 10 percent. Top IT companies like Persistent System, Coforge Posted good profit and revenue growth in their Financial results so Nifty IT index also grew 1.75% today. Midcaps and small caps indices closed with substantial gain in today trading session.
Zensar Tech
A leading digital solutions and technology services company Zensar Tech zoomed today after Q3 results. The shares of Zensar Technologies closed on 841.7 with the gain of 12.2% after announcing Quarter 3 results on 22 January 2025. Company has recorded a strong performance in Q3.
Company’s revenue has reached to 1325.6 Crores in 3rd quarter of FY 24-25. It’s a 10.1% increase in its revenue On year on year basis.
Company’s EBITDA for this Quarter stood at 207 Crores while, the Company’s profitability has declined by 2.7 % on year on year basis and stood at 159.8 crores. Company’s profitability in the same quarter of last Financial year 161.7 crores. After this rally the market cap of this company has company reached near to 19000 Crores and this was the top gainer today.
Go Digit
A insurance provider GO DIGIT INSURANCE was the 2nd top gainer in today trading session because Company has performed robust performance in third Quarter of FY 2024-25.
Shares of Go Digit Insurance closed at 321 with the gain of 12.1% in today trading session.
The Insurance Provider posted a robust 10.2% Year-on-Year in gross written Premium, reached to 2677 Crore. 2428 was in the same Quarter in previous FY year. The one of main reasons of rally was impressive growth in Asset Under Management, surging 20.1% 18,939 crore as of 31 December, Compared to 15,764 crore at the close of FY 24.
After this rally Company’s M cap has crossed 30,000 crores mark.
Cigniti Technologies
Cigniti Technologies A another Technology Company has posted a decent result on 22 January and it’s shares rose 11.81% and closed at 1666.1 on NSE. Company has shown in its Financial statements that company has reported a 10.34% growth in top lines. The Company has reported a profit of 63.57 crores with a significant growth of 32.33%. Operating Income of Cigniti Technologies surged by 38.03% compared to previous quarter. Cognitive Technologies was the third in the rank of top gainers of today trading session. The Market Cap of Cigniti Tech crossed 4500 crores today after rally of approx 12 in today session .
Coforge
A Tier- 2 Information Technology Company Coforge’s share price also increased by 11.51% after announcement of its quarterly Numbers of financial year 2025. In the third quarter of this financial year, company posted 6.6% rise in its net profit and reached to 215 crores from September quarter. The company’s revenue growth stood at 8.4% on QOQ basis at 3318.2 crores.
In CC(contact currency) terms revenue rose by 8.4% sequential basis.
A share of Coforge closed on NSE at 9175.6 with gain of approx 12% from its previous closing of 8228.20.
The M cap of this company crossed the 60,000 crores mark today.
Persistent System
A another Midcap IT Company persistent system rose 10.33% on today trading session. Company’s Financials boosted it’s share prices from 5683.15 to 6270 in a trading session. Company has also announced a interim dividend of 20 rupees. In the third quarter of FY25 company’s revenue stood at 3062 and company has reported 300 crores consolidated PAT in this quarter. Market cap of this stock reached to 96,000 crores after this trading session.
Disclaimer:- This blog is only written for news and information purposes. Take independent advice from your financial advisor before investing.