Technical Analyst Parsh Zhaveri of Zhaveri Investments has maintained 'buy' rating on Zensar Technologies Ltd stock to achieve a target of Rs 340 in three trading sessions.

According to Zhaveri, the investors can buy the stock with stop loss of Rs 310.

Today, the shares of the company opened at Rs 320 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 364.50 and a low of Rs 109 on BSE.

Current EPS & P/E ratio stood at 53.15 and 5.94 respectively.

Zensar Technologies announced that a meeting of its board of directors will take place on 31 May 2010 to consider issue of bonus shares.

On May 13, Zensar Technologies bagged a five year deal valued at Rs 1 billion from an insurance company in South Africa.

Pune-based Zensar also announced that it will hire over 300 people by the next three months in India to staff projects for its worldwide insurance customers.

Mr. Ganesh Natarajan, vice chairman and CEO of Zensar Technologies stated that India's insurance vertical has witnessed big growth over the last one year, with the worldwide client base strengthening rapidly.

Zensar's Insurance segment clients comprise leading Insurance services providers in US, UK and South Africa.