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Buy Zensar Technologies; target of Rs 505: ICICI Direct

ICICI Direct is bullish on Zensar Technologies has recommended buy rating on the stock with a target price of Rs 505 in its research report dated July 27, 2021.

July 29, 2021 / 02:30 PM IST
 
 
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ICICI Direct's research report on Zensar Technologies


Zensar Technologies (Zensar) offers application & IMS services to hi-tech, manufacturing, retail and BFSI. Zensar has grown organically and inorganically over the years Net debt free and healthy double digit return ratio (with RoCE of 19%)


Outlook


We continue to remain positive and retain our BUY rating on the stock We value Zensar at Rs 505 i.e. 22x P/E on FY23E


For all recommendations report, click here

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first published: Jul 29, 2021 02:30 pm
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