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Home / Markets / Stock Markets /  This debt free IT stock fixes record date for 175% dividend: Details here
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A mid-cap company with a market worth of Rs. 6,126 crore, Zensar Technologies Ltd. operates in the IT software industry. As per the data available on Value Research, the company currently holds a debt-free status and for the purpose of 175% dividend the company has announced the record date today.

The company has said in its exchange filing that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and all other applicable, rules, regulations and provisions, please note that the Company has fixed the record date as Friday, July 15, 2022 for the payment of final dividend of INR 3.50 (175%) per equity share of face value INR 2.00 each, for the financial year ended on March 31, 2022, subject to approval by the members at the 59th AGM.

At the current market price of 271.25, the announced dividend takes the dividend yield to 1.29%. Shares of Zensar Technologies closed today's trading session on the NSE at 271.25, down 2.50 per cent from its previous close of 278.20. The stock has fallen 10.45 per cent in the past year, and year-to-date (YTD), it has fallen 49.14 per cent in 2022. The stock has plummeted 48.29 per cent over the past six months and 10.74 per cent over the past month. The stock's growth during the previous five trading days was 3.43 per cent. The stock's 52-week high on the NSE was 587 on September 16, 2021, and its 52-week low was 246.65 on June 20, 2022, meaning that it is now trading 54 per cent below its 52-week high and 9.40 per cent above its 52-week low. The stock is trading above the five-day moving averages as of today's closing price, but below the 20-day, 50-day, 100-day, and 200-day moving averages.

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