HDFC Securities Research Report
HDFC Securities, one of the leading stock broking firm recommended a buy call on Zensar Technologies with a target of Rs 240 in its research report dated October 22, 2019. The given time horizon is 12 months.
Deal pipeline is strong at USD 1bn and ~52% of the pipeline are large deals. Margin recovery is slow but will recover gradually with growth.
Despite the muted performance, the brokerage maintains buy rating on Zensar Technologies based on high exposure to Digital, Robust deal pipeline, Scope for margin expansion, and Reasonable valuation. While the risks include delay in decision making, trade wars and deterioration of US/Europe macro environment.
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