Shares of Zensar Technologies Ltd gained 2.32% on Friday, rising to ₹704.20, following the announcement of a significant digital transformation deal with Tesco Insurance and Money Services (Tesco IMS) in the UK.
The IT services company confirmed that it has been selected by Tesco IMS to drive a comprehensive modernisation and cloud-first digital transformation agenda. As part of the agreement, Zensar will be responsible for upgrading Tesco IMS’s infrastructure, network, application hosting services, and customer contact centre.
Zensar Technologies further shared that the engagement will also involve facilitating a technology carve-out from Tesco Bank, post the latter’s sale of its banking operations to Barclays UK. The move is aimed at building a scalable operation model, delivering greater customer value, and modernising the company’s core platforms for long-term growth.
At the time of reporting, the stock had surged by ₹15.95 from its previous close of ₹688.25. It touched a day’s high of ₹691.05 and has a current market cap of Rs 156.94 billion. The company’s P/E ratio stands at 24.41, with an average volume of 1.72 million shares and a dividend yield of 1.30%.
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