Gujral told CNBC-TV18, "Zensar Technologies is one of the strongest midcaps IT stocks and I think midcap IT still has more to rally because it falls much more when IT stocks decline."
He further added, "It had two good days. Yesterday was a down day. Today if rupee falls along with the market probably IT could outperform. So here we could buy with a stoploss of about Rs 318, target here could be around Rs 351."
The company's trailing 12-month (TTM) EPS was at Rs 44.59 per share. The stock's price-to-earnings (P/E) ratio was 7.32. The latest book value of the company is Rs 116.91 per share. At current value, the price-to-book value of the company was 2.79. The dividend yield of the company was 1.38%.
