This IT stock was buzzing on the bourses today!

The company is based out of Pune and is a part of the RPG group (Rama Prasad Goenka Group).

On January 11, the market traded flat. The S&P BSE Sensex closed trading at 60105.5, 0.02% down, while NIFTY50 closed 0.1% down at 17895.7. Regarding Sectoral performance, Metals and Financials outperformed, while FMCG and Utilities were the top losers on the day. Among stock-specific action, Zensar Technologies was among the top gainers in BSE group ‘A’.

The shares of Zensar Technologies closed trading at Rs 213.6, 3.29% higher on the day. The stock opened at Rs 206.1 and made an intraday high and low of Rs 214.6 and Rs 205.55, respectively.

Zensar Technologies is one of the leading digital solutions and technology service providers in India. The company is based out of Pune and is a part of the RPG group (Rama Prasad Goenka Group). Zensar operates in high talent-intensive business and has over 2331 associates and 11839 total employee headcount working in 40 plus offices worldwide. The company has a presence in 4 countries with 147 active clients.

The company operates under RPG Group. Harsh Goenka is the chairman of the group. The group generates more than USD 4 billion in revenue and operates in a variety of businesses like infrastructure, tyres, technology, energy, plantation, and speciality. CEAT Tyres, KEC International, and RPG Life science are some of the major companies which are also part of the group.

The company operates in 2 major business segments- Digital and Application Services and Digital foundation services. Digital and Application Services contributed 83.45% of the total revenue while the remaining 16.55% comes from Digital foundation services.

Talking about the geographical breakdown of the revenue – about 70.5% comes from the US, 18% is from Europe, and the remaining 11.5% is contributed by the African market. The company has a diversified client base with the top 5 clients contributing 34.9% to the revenue, the top 10 clients contributing 47%, and about 61.1% coming from the top 20 clients.