Zensar Tech gains ~3% on partnering with EBRD

European Bank for Reconstruction and Development (EBRD) has selected Zensar as its partner for technology infrastructure modernization and network services.

Dec 11, 2018 04:12 IST India Infoline News Service

Shares of Zensar Technologies were trading ~3% higher on Tuesday after the company has been selected by the European Bank for Reconstruction and Development (EBRD) as its partner for technology infrastructure modernization and network services.

"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 company said in a press note to the exchanges on Monday after market hours.

Zensar Technologies' share price is currently at Rs232.25, up by Rs5.5 or 2.43% from its previous closing of Rs226.75 on the BSE.

The scrip opened at Rs225 and has touched a high and low of Rs236.50 and Rs225, respectively. So far, 1,83,669 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs5,103.87cr.

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