Buy Zensar Technologies; Target Rs 240: HDFC Securities

Buy Zensar Technologies; Target Rs 240: HDFC Securities

HDFC Securities Research Report

Zensar Technologies Ltd

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.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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