2025-10-14 03:49:07 pm | Source: Motilal Oswal Financial Services Ltd
Neutral Zensar Technologies Ltd For Target Rs. 760 by Motilal Oswal Financial Services Ltd
* We expect -0.5% QoQ cc decline, as TMT segment is expected to ramp down on overall basis.
* BFS and HLS are expected to perform well despite challenges in TMT, while South Africa and Europe are likely to deliver stable performance.
* Margins expected to remain at current levels despite wage hike and TMT ramp-down flow through.
* Comments on deal signings, large deal wins and TMT recovery will be key monitorables.
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