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Zenith Infotech looking at possible Nasdaq listing, stock gains 17%

Zenith Infotech looking at possible Nasdaq listing, stock gains 17%

Zenith Infotech gained 16.52% on the news that the company is looking at possible Nasdaq listing, according to sources.

The company is looking at raising USD 30-50 million via this listing but the management said that they are not looking at Nasdaq listing for 3-6 months.

The stock gained Rs 53.85 at Rs 379.80 at 1:56 pm and trading with volumes of 128,858 shares, compared to its 5-day average of 4,631 shares, an increase of 2,682.39%. It has touched an intraday high of Rs 391.10 and an intraday low of Rs 315.25.

The current market cap stood at Rs 449.07 crore.

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