 "Zensar Tech climbs 6% on entering into a partnership with Claimatic")
Shares of Zensar Technologies extended gains to the third straight day on Friday and climbed nearly 6 per cent after the company announced a strategic partnership with US-based Claimatic.
Following this development, the stock of Zensar Technologies jumped 5.70 per cent on the BSE in intra-day trade to touch a high of Rs 290. However, the scrip pared some gains and was trading 2.73 per cent up at Rs 281.85 around 9.55 am. At the same time, the BSE barometer Sensex was down 67.6 points or 0.14 per cent at 49,678.
"Zensar has entered into a global strategic partnership with US-based Claimatic. This partnership combines industry-leading, intelligent decisioning software of Claimatic with Zensar’s world-class strategic consulting, enterprise delivery, and implementation services," the company said in an exchange filing post the market hours on Thursday. READ HERE
This new, innovative partnership leverages the respective strengths of Claimatic and Zensar to create compelling value for both companies and their mutual clients, the release further added.
Commenting on the partnership, Zensar's Chief Executive Officer and Managing Director Ajay S. Bhutoria said: “This collaboration will enable us to offer insurers digital solutions that will help them remain competitive and differentiate themselves. We look forward to mutual success and growth from this partnership.”
Zensar is a digital solutions and technology services company that partners with global organizations across industries to achieve digital transformation.
The stock has retreated 19.63 per cent from its 52-week high level of Rs 346.95 touched on March 16, 2021. However, on a year-to-date basis, Zensar is up 15.63 per cent as against a gain of 4 per cent in Sensex.
Following this development, the stock of Zensar Technologies jumped 5.70 per cent on the BSE in intra-day trade to touch a high of Rs 290. However, the scrip pared some gains and was trading 2.73 per cent up at Rs 281.85 around 9.55 am. At the same time, the BSE barometer Sensex was down 67.6 points or 0.14 per cent at 49,678.
"Zensar has entered into a global strategic partnership with US-based Claimatic. This partnership combines industry-leading, intelligent decisioning software of Claimatic with Zensar’s world-class strategic consulting, enterprise delivery, and implementation services," the company said in an exchange filing post the market hours on Thursday. READ HERE
This new, innovative partnership leverages the respective strengths of Claimatic and Zensar to create compelling value for both companies and their mutual clients, the release further added.
Commenting on the partnership, Zensar's Chief Executive Officer and Managing Director Ajay S. Bhutoria said: “This collaboration will enable us to offer insurers digital solutions that will help them remain competitive and differentiate themselves. We look forward to mutual success and growth from this partnership.”
Zensar is a digital solutions and technology services company that partners with global organizations across industries to achieve digital transformation.
The stock has retreated 19.63 per cent from its 52-week high level of Rs 346.95 touched on March 16, 2021. However, on a year-to-date basis, Zensar is up 15.63 per cent as against a gain of 4 per cent in Sensex.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%