Zensar – A turnaround road map in place

The upside may be meaningful in Zensar, but it is uncertain and warrants patience. However, the valuation discount makes it a worthy bet for the risk-taker

June 22, 2021 / 09:35 AM IST
Zensar – A turnaround road map in place

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Zensar (CMP: Rs 293 Market Cap: Rs 6,620 crore) — the mid-sized IT company from the RPG stable — has not measured up to the performance of its rival mid-cap IT peers and ended FY21 on a subdued note. However, with a new leader at the helm and a strategic road map for a turnaround, the stock offers promises and excitement for the risk-taker, especially since the technology sector is in the midst of a multi-year up-cycle. A weak show...

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