Zensar Tech jumps 7% on mega contract win

NEW DELHI: Shares of Zensar Technologies, a digital solutions and technology services company, spurted over 7 per cent in the early trade on Wednesday after the company won a four-year, multi-million dollar contract from the City of San Diego for network services.

The job order can be extended for two additional two-year terms with the total not to exceed $79 million, it said in a press release.

"This partnership aims to make the City of San Diego more transparent and accountable while enhancing security - all at a lower cost for taxpayers," said Mayor Kevin Faulconer. "We look forward to working with Zensar on several new projects to help modernize and improve the City's network as we replace ageing technology with the new digital infrastructure to better serve our residents."


The scrip closed the day 4.87 per cent up at Rs 945.35 on BSE.