Zensar Technologies has signed a multi million dollar IT deal with UK-based utility major. This is a three year application and infrastructure management deal.
The global infrastructure management is growing steadily and older assertions are being amended to reflect rapidly expanding growth. Zensar’s IM practice showing growth of 100% on year on year basis, has established itself as a significant player and is well on being a $ 50 million entity by 2010-11 with a 1000+ strong workforce, positioned as the “Business Activity Partner to Global Corporates”.
The stock is reacting well to the news and is up 5%. The stock touched an intra day high of Rs 86 and an intra day low of Rs 78 and at 12:30 PM, the share was quoting at Rs 83, up Rs 3.95, or 5.00%, trading with volumes of 7,516 shares, compared to its 5-day average of 7,037 shares, an increase of 6.80%. Yesterday the share closed up 2.80% or Rs 2.15 at Rs 79.05.
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