Zensar Technologies surges after collaborating with Tesco Insurance and Money Services
Zensar Technologies is currently trading at Rs 698.75, up by 10.60 points or 1.54% from its previous closing of Rs 688.15 on the BSE.
The scrip opened at Rs 690.25 and has touched a high and low of Rs 714.00 and Rs 690.25 respectively. So far 9389 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 985.00 on 01-Feb-2025 and a 52-week low of Rs. 531.15 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs 742.35 and Rs 670.00 respectively. The current market cap of the company is Rs 15832.93 crore.
The promoters holding in the company stood at 49.10%, while Institutions and Non-Institutions held 34.89% and 16.01% respectively.
Zensar Technologies has been selected by Tesco Insurance and Money Services (Tesco IMS), a leading UK insurance company, to drive a comprehensive modernisation and digital transformation agenda. This collaboration will enable Tesco IMS to establish a robust cloud-first ecosystem, scalable operation and create better value and experience for its customers.
Zensar will modernise Tesco IMS’s end-to-end infrastructure, network and application hosting services and contact centre. The company will also partner with Tesco IMS to facilitate, build, and achieve technology carve-out from Tesco Bank, following the sale of Tesco Bank's banking operations to Barclays UK. As the new Tesco IMS business emerges as a standalone entity, Zensar will transform operations and drive efficiencies across all areas. This includes implementing specific regulatory controls required for an insurance business and simplifying and modernising processes.
Zensar Technologies, formerly known as ICIL was acquired by the RPG group in 1989. It is a globally focused software and services company spread across eighteen countries across the world.
