ICICI Direct has given Buy recommendation for Zensar Technologies recommended buy rating on the stock with a target price of Rs 565 in its research repo with a target price of Rs. 565 in its research report issued on Dec 28, 2021

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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