Zensar Tech jumps after securing contracts in US

Zensar Technologies surged 8.1% to Rs 626 at 13:54 IST on BSE after the company announced significant multimillion dollar deals in its Infrastructure Management Business in the US in December 2014.

The announcement was made during market hours today, 26 December 2014.

Meanwhile, the S&P BSE Sensex was down 47.72 points or 0.18% at 27,160.89.

On BSE, so far 89,000 shares were traded in the counter as against average daily volume of 13,571 shares in the past one quarter.

The stock hit a high of Rs 634.35 and a low of Rs 573.25 so far during the day. The stock had hit a record high of Rs 685 on 22 September 2014. The stock had hit a 52-week low of Rs 332 on 24 December 2013.

The small-cap software services and infrastructure provider has equity capital of Rs 43.96 crore. Face value per share is Rs 10.

Dr Ganesh Natarajan, Vice Chairman and CEO, Zensar Technologies said, "Zensar's business in our core markets continues to be strong. We are delighted with the traction in the IM managed services business and are also getting wins in new areas like end user experience management. The deal pipeline in enterprise applications and infrastructure management is strong and we look forward to a good year in 2015-16".

Zensar Technologies' consolidated net profit rose 20.28% to Rs 67.31 crore on 7.09% growth in net sales to Rs 647.66 crore in Q2 September 2014 over Q1 June 2014.

Zensar Technologies is a leading software and infrastructure services and solutions provider with industry expertise across manufacturing, retail, insurance, utilities, banking, financial services and government.

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