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Buy Zensar Technologies; target of Rs 565: ICICI Direct

ICICI Direct is bullish on Zensar Technologies recommended buy rating on the stock with a target price of Rs 565 in its research report dated December 28, 2021.

December 28, 2021 / 04:00 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 remain positive on the stock and maintain BUY rating. We value Zensar at Rs 565 i.e. 24x P/E on FY23E EPS.

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For all recommendations report, click here


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first published: Dec 28, 2021 04:00 pm
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ISO 27001 - BSI Assurance Mark