Moneycontrol PRO
you are here: HomeNewsTrendsIT

Why this attractively valued turnaround IT play merits a look

The significant correction in the stock price of Zensar has rendered the valuation extremely attractive

June 23, 2022 / 09:50 AM IST
Why this attractively valued turnaround IT play merits a look

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

The IT pack had a tough going on the bourses in the past three months and Zensar (CMP: Rs 265 Market Cap: Rs 5,997 crore) — the mid-sized IT company from the RPG stable — was no exception. It not only underperformed the Nifty but also the IT index, with a decline of close to 28 percent over this period. After a lacklustre FY21, which was in sharp contrast to its peers, FY22 was sort of a turnaround year for...

  • PRO Panorama

    Moneycontrol Pro Panorama | Are US and Indian markets decoupling?

    Aug 8, 2022 / 05:36 PM IST

    In today’s edition of Moneycontrol Pro Panorama: The oil breather, Titan’s lustre, the Eastern Window, populism’s price, power 'Panchamrit' and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Shaktikanta Das refuses to pivot 

    Aug 6, 2022 / 10:21 AM IST

    A look at the current macro readings is enough for the RBI governor not to budge and dilute his ‘withdrawal of accommodation’ stance

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers