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Buy Zensar Technologies; target of Rs 365: ICICI Direct

ICICI Direct is bullish on Zensar Technologies has recommended buy rating on the stock with a target price of Rs 365 in its research report dated May 13, 2022.

May 14, 2022 / 01:53 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 365 i.e. 16x P/E on FY24E.

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For all recommendations report, click here


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first published: May 14, 2022 01:53 pm
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