Zensar Technologies zooms on announcing surge in Enterprise Application business

Zensar Technologies is currently trading at Rs. 121.55, up by 4.30 points or 3.67% from its previous closing of Rs. 117.25 on the BSE.

The scrip opened at Rs. 125.90 and has touched a high and low of Rs. 125.90 and Rs. 113.30 respectively. So far 5951 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 193.30 on 21-Apr-2011 and a 52 week low of Rs. 113.15 on 21-Nov-2011.

Last one week high and low of the scrip stood at Rs. 127.80 and Rs. 113.15 respectively. The current market cap of the company is Rs. 508.81 crore.

The promoters holding in the company stood at 47.82% while Institutions and Non-Institutions held 10.50% and 41.68% respectively. 

Zensar Technologies, an offshore outsourcing company has announced a surge in its Enterprise Application business encompassing Oracle and SAP Solutions. The overall values of these deals are close to $25 million with significant new wins in key geographies like US, UAE, UK and South Africa.

These deals have embedded the company as a leading system integrator for Oracle Fusion Middleware (FMW), E Business Suite and Business Intelligence solutions delivering business value and enabling enterprises to create and run agile, intelligent business applications while maximizing IT efficiency through full utilization of modern hardware and software architecture.

In the US, the company has just bagged a multi-million dollar contract with the world’s leading provider of Conflict Management and Dispute Resolution Services, to develop and integrate its Case Management System and related business process to various end systems using FMW technology.  The company has also bagged the FMW implementation and support contract from the leading global interactive entertainment software company in the US that develops, publishes, and distributes interactive software worldwide for video game systems.

In the domestic market, Zensar recently bagged the Maharashtra State Electricity Distribution Company to implement SAP's enterprise resource and planning software as part of over the Rs 50-crore deal.

Zensar’s manufacturing vertical offers repository of business solutions which allows for readily available frameworks to be adapted to a dynamic environment. In the domestic market, Zensar recently bagged the Maharashtra State Electricity Distribution Company to implement SAP`s enterprise resource and planning software as part of over Rs 50-crore deal. The deployment will cut across all activities of the corporation such as finance, metering, human resources.