Zensar Technologies rose 2.87% to Rs 233.25 at 10:05 IST on BSE after the company announced that it has been selected by EBRD as their partner for infrastructure and network services.
The announcement was made after market hours yesterday, 10 December 2018.Meanwhile, the S&P BSE Sensex was down 343.59 points, or 0.98% to 34,616.13.
On the BSE, 1.51 lakh shares were traded in the counter so far compared with average daily volumes of 86,000 shares in the past two weeks. The stock had hit a high of Rs 236.50 and a low of Rs 225 so far during the day.
Zensar Technologies announced that it has been selected by EBRD (European Bank for Reconstruction and Development) as their partner for Infrastructure and Network services. Headquartered in the UK and operating in 36 economies across 3 continents, EBRD is an international multilateral developmental bank providing finance for businesses and projects that meet strict environmental and transitional objectives.
With an initial three-year contract and an option to extend the relationship is the first major technology partnership for EBRD and shall improve all aspects of the Bank's infrastructure and networks. The scope involves Zensar leading and managing the complete infrastructure rationalization and transformation which includes service desk, end user technology, Nextgen DC and cloud management, and special transformation projects to support EBRD's digital transformation. The key outcomes of the partnership will focus on delivering Cloud-based Infrastructure components to enable the use of Big Data, AI and Analytics.
Zensar Technologies' consolidated net profit rose 49.13% to Rs 93.40 crore on 27.03% increase in net sales to Rs 968.71 crore in Q2 September 2018 over Q2 September 2017.
Zensar Technologies is a leading digital solutions and technology services company that specialises in partnering with global organisations across industries on their digital transformation journey.
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