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Buy Zensar Technologies, target price Rs 565: ICICI Direct

Written by corres2

ICICI Direct has buy call on with a target price of Rs 565. The current market price of Zensar Technologies Ltd. is Rs 514.7.

Time period given by analyst is one year when Zensar Technologies Ltd. price can reach defined target.

Zensar Technologies Ltd., incorporated in the year 1963, is a Mid Cap company (having a market cap of Rs 11267.56 Crore) operating in IT Software sector.



Zensar Technologies Ltd. key Products/Revenue Segments include Software Development Charges & Other Services and Software Products for the year ending 31-Mar-2021.

Financials

For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1073.50 Crore, up 12.38 % from last quarter Total Income of Rs 955.20 Crore and up 10.04 % from last year same quarter Total Income of Rs 975.53 Crore. Company reported net profit after tax of Rs 95.80 Crore in latest quarter.

Investment Rationale
Driving deal momentum, annuity revenues, increasing investment in sales & talent, leadership and tuck-in acquisition to build capability bode well for long term revenue growth


Promoter/FII Holdings
Promoters held 49.12 per cent stake in the company as of 30-Sep-2021, while FIIs owned 27.15 per cent, DIIs 9.54 per cent.

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