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Hold Zensar Technologies; target of Rs 250: ICICI Direct

ICICI Direct recommended hold rating on Zensar Technologies with a target price of Rs 250 in its research report dated September 15, 2022.

September 16, 2022 / 03:44 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 maintain our HOLD rating on the stock. We value Zensar at Rs 250 i.e. 15x P/E on FY24E.