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    Zensar – the cheapest IT stock despite its recent smart rally

    With a focus on key verticals of manufacturing hitech, and insurance and traction in nextgen cloud services, the quality of earnings of Zensar should improve

    Madhuchanda Dey
    November 26, 2020 / 09:15 AM IST
    Zensar – the cheapest IT stock despite its recent smart rally

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    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

    Highlights - Zensar has outperformed Nifty and IT index since we recommended it for tactical - In the last reported quarter revenue was tepid, top client was soft - Margin performance was commendable - Deal win momentum is back and the pipeline is strong - Earnings recovery seen in FY22 - Valuation undemanding despite rally, buy on any market reversal Zensar (CMP: Rs 218 Market Cap: Rs 4,915 crore) - the mid-sized IT company from the RPG stable has been a winner from the IT pack in recent times....

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