Buy Zensar Technologies; target Rs 540: Sushil Finance

3807 Investors following Zensar Tech. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Zensar Technologies; target Rs 540: Sushil Finance

Sushil Finance has recommended buy rating on Zensar Technologies with a target of Rs 540 in its July 20, 2010 research report.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ See previous views by Sushil Finance See what other Experts & Brokerages are saying about Zensar Tech See messages about Zensar Tech Zensar Tech BSE | NSE 29/05/12 Are Mutual Funds betting on Zensar Tech?

Sushil Finance has recommended buy rating on Zensar Technologies with a target of Rs 540 in its July 20, 2010 research report.

"Zensar Technologies has delivered a decent performance during the quarter driven by a 3.0% QoQ volume growth. The margins also improved on QoQ basis during the quarter, mainly due to effective cost management and change in effort mix, more towards offshore. Going forward, in view of its decent Q1FY11 numbers and the expected outlook for FY11, we have slightly adjusted our FY11E & FY12E Revenues estimates, but retain our FY11E & FY12E APAT estimates. We expect its consolidated revenues to grow by 10% & 12% in FY11E & FY12E respectively and its APAT to grow by 8.6% & 5.6% in FY11E & FY12E respectively (slower APAT growth mainly due to higher tax rate expected in FY11E & FY12E). At CMP of Rs 358, the stock is trading at a very attractive valuation of 5.6x & 5.3x its FY11E & FY12E EPS respectively. We maintain our buy rating on the stock with a target price of Rs 540 (based on 8x its FY12E EPS of Rs 67.4)," says  Sushil Finance research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.               

To read the full report click on the attachment