Zensar Technologies soars on bagging multimillion dollar deals at start of financial year 2013-14

Zensar Technologies is currently trading at Rs. 250.50, up by 5.00 points or 2.04% from its previous closing of Rs. 245.50 on the BSE.

The scrip opened at Rs. 250.00 and has touched a high and low of Rs. 253.00 and Rs. 245.05 respectively. So far 2516 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 302.45 on 03-Oct-2012 and a 52 week low of Rs. 213.00 on 29-May-2012.

Last one week high and low of the scrip stood at Rs. 255.00 and Rs. 241.25 respectively. The current market cap of the company is Rs. 1089.99 crore.

The promoters holding in the company stood at 48.36% while Institutions and Non-Institutions held 12.03% and 39.61% respectively.

Zensar Technologies, a leading software services provider, has won number of significant deals at the start of the new financial year, in core verticals of Retail, Insurance and Manufacturing. One of the significant wins includes infrastructure management service to Colliers International. Colliers International, a global, full service commercial real estate firm, including property and facilities management, runs a highly decentralized setup with 482 offices in 62 countries around the globe.

Zensar is now Collier's primary managed services partner. The company has recently been granted a significant new deal, and this increased business emphasizes Colliers' continued commitment to Zensar. Significant deals finalized include in the BFSI Vertical-SAP and BI implementation with a global specialty property and casualty insurer and reinsurer Managed Services Deal signed with a major Life Insurance company in South Africa.

In the MRD Vertical-Enterprise solutions for a large firm that develops and manufactures products for biomedical testing, Enterprise Solutions with a large international organization in the field of nuclear energy and IM Change Management services for a leading Utility Infrastructure Provider in the UK. These wins total over $12 million in current year revenues and the company's order book continues to look good for all verticals and service areas.

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.