NFU Mutual of UK selects Zensar Technologies as strategic tech & digital services partner

Zensar Technologies announced that it has been selected by NFU Mutual, the UK’s leading rural insurer, to form a new strategic technology and digital relationship to support multiple technologies that underpin a number of the company’s key business systems. 

Zensar will help NFU Mutual in delivering a number of strategic technology initiatives along with the short and long-term vision for the business as it moves into 2021 and beyond. 

Reacting to this, the stock of Zensar Technologies today jumped more than 5 per cent and made an intraday high of Rs 235 per share. 

Meanwhile, the company reported net sales of Rs 979.45 crore for Q2FY21, a decrease of 8.66 per cent as against the net sales of Rs 1,072.28 crore for Q2FY20. 

According to BSE data, the stock traded at a P/E multiple of 20.24 and a price-to-book ratio of 2.92. The stock has a 52-week high and a 52-week low of Rs 266.90 per share and Rs 63.70 per share, respectively. 

Zensar Technologies is a leading digital solutions & technology services company that specialises in partnering with organisations across industries on their digital transformation journey. 

The share price of the company closed at Rs 228.55, up by 2.65 per cent on BSE.