Zensar Technologies extend gains on closing multi-million dollar deals

31 Jan 2014 Evaluate

Zensar Technologies is currently trading at Rs. 367.00, up by 3.05 points or 0.84% from its previous closing of Rs. 363.95 on the BSE.

The scrip opened at Rs. 363.55 and has touched a high and low of Rs. 371.40 and Rs. 363.55 respectively. So far 2,274 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. 383.95 and Rs. 358.80 respectively. The current market cap of the company is Rs. 1,604.00 crore.

The promoters holding in the company stood at 48.26% while Institutions and Non-Institutions held 12.66% and 39.08% respectively.

Zensar Technologies, a leading software services and infrastructure provider has recorded significant wins amounting to over Rs 180 crore at the start of calendar year 2014. All the new deals signed so far by the company are in North America and span all its services in the areas of ERP, Application Management and Infrastructure Management.

The new deals won include a leading manufacturer of access equipment, specialty vehicles and truck bodies partnering with them on their transformation initiatives; legacy transformation initiatives for a large energy company delivering top-quality, competitively priced solutions that helps utilities and retail energy suppliers, a multi-year maintenance and infrastructure contract for a leading North American real estate major, and a large biomedical laboratory instruments manufacturer.

The company has also closed a large vendor consolidation deal with a significant multibillion dollar network equipment manufacturer making the company the single vendor to run an end-to-end portfolio that includes strategy, development, operations and quality assurance services, with the assurance of future business in driving key collaboration strategies for the company. The engagement moved from the existing support portfolio to an end-to-end services scenario as also involving future roadmap exercises. In this strategic consolidation, the complete program was reduced by seven vendors to just one partner.

Zensar Technologies Share Price

738.55 -28.15 (-3.67%)
23-Dec-2024 12:49 View Price Chart
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