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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.


More Info


At 15:31 hrs Zensar Technologies was quoting at Rs 224.25, down Rs 4.40, or 1.92 percent.


It has touched an intraday high of Rs 232.20 and an intraday low of Rs 223.70.


It was trading with volumes of 127,175 shares, compared to its thirty day average of 386,175 shares, a decrease of -67.07 percent.


In the previous trading session, the share closed down 1.17 percent or Rs 2.70 at Rs 228.65.


The share touched its 52-week high Rs 587.00 and 52-week low Rs 221.65 on 16 September, 2021 and 10 August, 2022, respectively.


Currently, it is trading 61.8 percent below its 52-week high and 1.17 percent above its 52-week low.


Market capitalisation stands at Rs 5,076.20 crore.


For all recommendations report, click here


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Zensar Technologies - 160922 - icici

Broker Research
first published: Sep 16, 2022 03:44 pm