Zensar Technologies surges on bagging multimillion dollar contract in Europe

13 May 2014

Zensar Technologies is currently trading at Rs. 351.50, up by 9.60 points or 2.81% from its previous closing of Rs. 341.90 on the BSE.

The scrip opened at Rs. 341.15 and has touched a high and low of Rs. 362.00 and Rs. 341.15 respectively. So far 18953 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 429.80 on 21-Jan-2014 and a 52 week low of Rs. 180.90 on 25-Sep-2013.

Last one week high and low of the scrip stood at Rs. 362.00 and Rs. 340.00 respectively. The current market cap of the company is Rs. 1514.85 crore.

The promoters holding in the company stood at 48.28% while Institutions and Non-Institutions held 12.85% and 38.87% respectively.

Zensar Technologies, a leading software services and infrastructure provider has bagged multimillion dollar contract in Europe from UK’s leading utilities services provider, Morrison Utility Services. This engagement involves cloud based application services including Force.com based development and support for a span of 5 years.

Morrison Utility Services (MUS) is UK's leading utility service provider. They work with utility companies in the electricity, gas, water and telecommunication sectors helping them renew, refurbish, and maintain their infrastructure and networks.

Zensar Technologies also bagged deal with a large intergovernmental organization, which has selected Zensar Technologies to enhance and support its core applications in Oracle Technologies in a multi-year managed services contract. The deal has been won amongst stiff competition from large Indian and multinational Tier 1 providers, including a significant incumbent.

Zensar Technologies is among the top 20 software services providers from India. Zensar is the world's first enterprise-wide SEI CMM Level 5 Company and was also later certified as a CMMI Level 5 Company with industry expertise that spans Retail, Manufacturing, Banking, Insurance, Utilities, Healthcare and Life Sciences.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323