Information Technology: Moderating, yet Strong
IT index is up >40% (mid-tier >100%) over the past year, supported by (1) earnings upgrade of ~5% for tier-1 IT and ~20% for mid-tier IT and...
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Zensar Technologies: Furlough Impacts Q3
Zensar Technologies (Zensar) offers application & IMS services to hi-tech, manufacturing, retail and BFSI. Zensar has grown organically and...
161 Views
Zensar Technologies
Zensar Technologies (Zensar) offers application & IMS services to hi-tech, manufacturing, retail and BFSI. Zensar has grown organically and...
402 Views
Zensar Technologies: Robust Recovery; Superior Outlook
We recommend a BUY on Zensar, aided by strong revenue growth momentum and better recovery. We assign 22x P/E multiple to its FY24E earnings of Rs....
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Zensar Technologies: Strong Recovery, Improved Outlook
We assign a 22x P/E multiple to its FY23E earnings of Rs 20.8 per share to arrive at a TP of Rs 455 per share, implying an upside of 13% from CMP.
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