Zensar and Geometric may see 20- 25% upmove in the next 12 months, says Rajen Shah, CIO, Angel Broking.
Shah told CNBC-TV18, "We own Zensar and Geometric and both these companies have done well in the first two quarters and are likely to report decent numbers and the valuations of these both companies vis-à-vis front liners the midcaps are trading at much higher discount vis-à-vis the front liners."
He further added, "Geometric, we believe would report about Rs 8 kind of earnings for 2013 and its trading at about Rs 47; 5.5-6 times earnings and Zensar is also quoting at very decent valuation, I think about 6,000 the earnings. The integration of Akibia has already on and I think that would see the company report very decent numbers in the coming year. So both these companies should do well. We are looking at at least 20-25% kind of upside in the next 12 months."
