News

Neutral Zensar Technologies Ltd For Target Rs. 470 - Motilal Oswal Financial Services Ltd * ZENT reported 1QFY24 revenue growth at 1.3% QoQ in constant currency (CC), in line with our estimate. Deal TCV rose 23% YoY to USD154m but fell 12% sequentially after a seasonal high in 4QFY23. ZENT again surprised on the margin front with a 420bp gain sequentially to 18.7% (est. 15.0%), as it trimmed employee and sales expenses despite revenue growth in 1Q. * While revenue growth in 1Q was in line with our estimate, the management remains cautious about the near-term demand environment,...
Neutral Zensar Technologies Ltd For Target Rs. 470 - Motilal Oswal Financial Services Ltd
Neutral Zensar Technologies Ltd For Target Rs. 470 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
22/07/2023 12:28:04 PM
Zensar Technologies soars on reporting over 2-fold jump in Q1 consolidated net profit Zensar Technologies is currently trading at Rs. 470.65, up by 9.45 points or 2.05% from its previous closing of Rs. 461.20 on the BSE. The scrip opened at Rs. 462.70 and has touched a high and low of Rs. 478.50 and Rs. 458.00 respectively. So far 190514 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 478.50 on 21-Jul-2023 and a 52 week low of Rs. 202.00 on 26-Dec-2022. Last one week high and low of the scrip sto...
Zensar Technologies soars on reporting over 2-fold jump in Q1 consolidated net profit
Zensar Technologies soars on reporting over 2-fold jump in Q1 consolidated net profit
Source: Accord Fintech
21/07/2023 12:11:30 PM
Neutral Zensar Technologies Ltd For Target Rs.390 - Motilal Oswal Financial Services Absence of near-term growth levers to limit upside   Exceptional margin run now coming to an end  The Zensar stock has witnessed a substantial surge (a 78% increase over the past six months v/s a 1.5% decline in NIFTY IT index), on the back of a new leadership (Manish Tandon was appointed as CEO in mid-December) and a sharp margin recovery over the last two quarters (up 600bp from a low of 8.5% in 2QFY23). Despite the increased optimism on medium-term growth, following the lea...
Neutral Zensar Technologies Ltd For Target Rs.390 - Motilal Oswal Financial Services
Neutral Zensar Technologies Ltd For Target Rs.390 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
16/06/2023 1:01:21 PM
Buy Zensar Technologies Limited For Target Rs. 390 - Motilal Oswal Financial Services Ltd * ZENT reported muted growth of 0.4% QoQ in constant currency (CC), beating our estimate of a 0.8% QoQ decline in CC. Deal TCV rose 5.6% YoY to USD175m (seasonal high), with a book-to-bill ratio of 1.2x. ZENT achieved mid-teens EBITDA margin two quarters ahead of its target (14.5%), up 320bp QoQ, led by sharp improvement in both utilization and subcontractor costs. * While Q4 revenue growth was a little ahead of our expectation, underlying growth (adjusted for one-off revenue recognition d...
Buy Zensar Technologies Limited For Target Rs. 390 - Motilal Oswal Financial Services Ltd
Buy Zensar Technologies Limited For Target Rs. 390 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
15/05/2023 3:28:03 PM
Buy Zensar Technologies Limited For Target Rs. 290 - Anand Rathi Share and Stock Brokers Q3-FY23 Result Update * Zensar Technologies Limited (ZENSARTECH) has reported consolidated revenue of ?11,976 million in Q3-FY22 as against ?11,025 million in Q3-FY22. In US dollar terms the revenue growth was negative 0.8% YoY and negative 5.9% QoQ at $145.9 million. The softness was due to the deceleration in the demand environment leading to client’s deferring discretionary spend and scaling back budgets. * On profitability front, the company’s consolidated EBITDA margin ...
Buy Zensar Technologies Limited For Target Rs. 290 - Anand Rathi Share and Stock Brokers
Buy Zensar Technologies Limited For Target Rs. 290 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
4/02/2023 2:50:16 PM
Buy Zensar Technologies Ltd For Target Rs.250 - Motilal Oswal Financial Services Good long-term prospects, despite near-term pain Margin has bottomed out, valuations attractive * ZENT’s 2QFY23 performance of 1.6% QoQ constant currency (CC) revenue growth (up 180bp v/s our estimate of a decline) was encouraging, given the weakness in Consumer and Hi-Tech verticals. EBITDA margin dipped 270bp QoQ on higher than usual wage hikes and was 30bp below our estimate. ZENT maintained its mid-teen margin aspiration by 2QFY24. * ZENT’s performance over the last s...
Buy Zensar Technologies Ltd For Target Rs.250 - Motilal Oswal Financial Services
Buy Zensar Technologies Ltd For Target Rs.250 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
28/10/2022 3:34:05 PM
Buy Zensar Technologies Ltd For Target Rs.250- ICICI Direct Addressing growth, margin challenges About the stock: 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%) Management meet Highlights ? Growth: The company maintains that it expects moderation in revenue growth in the next two to four quarters, especially in its key verticals of hitech,...
Buy Zensar Technologies Ltd For Target Rs.250- ICICI Direct
Buy Zensar Technologies Ltd For Target Rs.250- ICICI Direct
Source: ICICI Direct Ltd
16/09/2022 4:44:28 PM
Buy Zensar Technologies Ltd For Target Rs.265 - Motilal Oswal Financial Services Valuations offer a cushion against macro concerns Targets mid-teen margin by mid-FY24 ZENT remains cautious given the weakening demand, especially from Retail, Manufacturing, and Technology, while the same from BFSI remains good. The management, at RPG’s annual investor conference, said it is aiming at mid-teen margin by 2QFY24. It also has a good M&A pipeline, with five deals on the table. Expect some impact on demand from a weakening macro * The management is seeing si...
Buy Zensar Technologies Ltd For Target Rs.265 - Motilal Oswal Financial Services
Buy Zensar Technologies Ltd For Target Rs.265 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
15/09/2022 11:24:03 AM
Buy Zensar Technologies Ltd For Target Rs.265 - Motilal Oswal Financial Services Valuation comfort to help tide over near-term hiccups Supply-side pressures to further delay a margin recovery * ZENT’s 1QFY23 performance of 3.1% QoQ constant currency (CC) revenue growth (120bp ahead of our estimate) was encouraging, given the weakness in Consumer and Hi-Tech verticals. While the 290bp QoQ EBITDA margin drop was broadly expected (on account of elevated supply-side pressures), it should dampen the company’s earnings performance in FY23 * ZENT’s per...
Buy Zensar Technologies Ltd For Target Rs.265 - Motilal Oswal Financial Services
Buy Zensar Technologies Ltd For Target Rs.265 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
9/08/2022 11:45:12 AM
Zensar Technologies has declared 175% Final dividend for the financial year March 2022 Zensar Technologies Ltd. on Tuesday, 10 May 2022, has announced Final dividend of 175 percent on Equity Share, to its shareholders holding shares on the register on Friday, 15 July 2022 (Record Date). The ex-dividend date will be 14 July 2022. The last five dividends are 75% Interim dividend (Ex Date : 03 February 2022), 120% Final dividend (Ex Date : 15 September 2021), 60% Interim dividend (Ex Date : 29 January 2021), 90% Interim dividend (Ex Date : 18 March 2020) and 50% Interim dividend (...
Zensar Technologies has declared 175% Final dividend for the financial year March 2022
Zensar Technologies has declared 175% Final dividend for the financial year March 2022
Source: Dion Global Solutions Ltd
4/07/2022 8:55:17 AM
Buy Zensar Technologies Ltd For Target Rs.400 - JM Financial Services On the Mend While there is increasing concern on macro challenges for Indian techs due to slowing Global Economy (and a potential US recession), we find the improvement in internals for Zensar encouraging as is reflected in (1) much stronger exit for FY22 (and thereby should aid FY23 revenue growth , (2) Investments in sales and delivery leadership across key verticals like Financial Services and Retail (which is showing up in terms of improving client metrics performance) and (3) improvin...
Buy Zensar Technologies Ltd For Target Rs.400 - JM Financial Services
Buy Zensar Technologies Ltd For Target Rs.400 - JM Financial Services
Source: JM Financial Services Ltd
19/05/2022 11:12:01 AM
Zensar Technologies zooms on the bourses Zensar Technologies is currently trading at Rs. 306.25, up by 12.50 points or 4.26% from its previous closing of Rs. 293.75 on the BSE. The scrip opened at Rs. 298.00 and has touched a high and low of Rs. 309.75 and Rs. 290.05 respectively. So far 135541 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 587.00 on 16-Sep-2021 and a 52 week low of Rs. 267.65 on 14-May-2021. Last one week high and low of the scrip st...
Zensar Technologies zooms on the bourses
Zensar Technologies zooms on the bourses
Source: Accord Fintech
12/05/2022 2:34:12 PM
Zensar Technologies zooms on reporting 44% rise in Q4 consolidated net profit Zensar Technologies is currently trading at Rs. 295.45, up by 10.05 points or 3.52% from its previous closing of Rs. 285.40 on the BSE. The scrip opened at Rs. 301.00 and has touched a high and low of Rs. 309.75 and Rs. 292.00 respectively. So far 201890 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 587.00 on 16-Sep-2021 and a 52 week low of Rs. 254.70 on 11-May-2021. Last one week high and low of the scrip st...
Zensar Technologies zooms on reporting 44% rise in Q4 consolidated net profit
Zensar Technologies zooms on reporting 44% rise in Q4 consolidated net profit
Source: Accord Fintech
11/05/2022 1:29:36 PM
Zen Technologies gains on securing domestic order of Rs 5.28 crore from J&K Police Zen Technologies is currently trading at Rs. 200.45, up by 1.75 points or 0.88% from its previous closing of Rs. 198.70 on the BSE. The scrip opened at Rs. 200.00 and has touched a high and low of Rs. 200.80 and Rs. 199.05 respectively. So far 6053 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 257.70 on 15-Dec-2021 and a 52 week low of Rs. 65.00 on 18-May-2021. Last one week high and low of the scrip stood at ...
Zen Technologies gains on securing domestic order of Rs 5.28 crore from J&K Police
Zen Technologies gains on securing domestic order of Rs 5.28 crore from J&K Police
Source: Accord Fintech
29/03/2022 10:51:47 AM
Buy Zensar Technologies Ltd For Target Rs.565 - ICICI Direct Management change yielding results… About the stock: 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%) Rationale: * The company grew at ~5% CAGR in FY16-21, lagging its peers. As it goes through a turnaround, we expect it to grow at 12.6% CAGR in FY21-23E * Margins improved...
Buy Zensar Technologies Ltd For Target Rs.565 - ICICI Direct
Buy Zensar Technologies Ltd For Target Rs.565 - ICICI Direct
Source: ICICI Direct
29/12/2021 12:40:20 PM
Stock Picks - Buy Zensar Technologies Ltd For Target Rs.495 - ICICI Direct Technical Observations * The Midcap IT sector has been outperforming in recent weeks. Among the midcap IT stocks we are constructive on Zensar Technologies as it is seen rebounding after taking support at 61.8% retracement of MaySeptember up move ,signaling resumption of up move and fresh entry opportunity.. * The stock has already taken 13 weeks to retrace just 50% of its 15 weeks up move (| 282-587), a shallow retracement signals a robust price structure and a higher base formati...
Stock Picks - Buy Zensar Technologies Ltd For Target Rs.495 - ICICI Direct
Stock Picks - Buy Zensar Technologies Ltd For Target Rs.495 - ICICI Direct
Source: ICICI Direct
15/12/2021 11:27:24 AM
Buy Zensar Technologies Ltd For Target Rs.545 - ICICI Direct Margins impacted by wage hike… About the stock: 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%)   Q2FY22 Results: Zensar reported healthy revenue growth but margins were lower. * Dollar revenues increased 11.6% QoQ to US$141.9 million * EBIT margins declined 310 b...
Buy Zensar Technologies Ltd For Target Rs.545 - ICICI Direct
Buy Zensar Technologies Ltd For Target Rs.545 - ICICI Direct
Source: ICICI Direct
1/12/2021 9:09:47 AM
Buy Zensar Technologies Ltd For Target Rs.600 - Motilal Oswal Growth momentum to continue, valuations attractive Margin to rebound in FY23E * ZENT reported a strong 2QFY22 with a USD CC revenue growth of 12.3% QoQ and organic CC growth of 6.4% QoQ, ahead of our estimate. EBIT margin declined by 300bp QoQ to 10.9% due to a salary hike and other supply-related factors. Deal TCV witnessed a strong recovery to USD188.5m (v/s USD97mn in 1QFY22), implying a book-to-bill ratio of 1.3x. * ZENT’s solid 2QFY22 performance reinforces our view that i...
Buy Zensar Technologies Ltd For Target Rs.600 - Motilal Oswal
Buy Zensar Technologies Ltd For Target Rs.600 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
25/11/2021 3:34:00 PM
LKP Spade, Weekly Pick - Buy Zensar Technologies Ltd For Target Rs. 510 - LKP Securities * Stock has given ascending triangle breakout on daily chart which consider to be bullish continuation pattern by nature * Descent volume activity has been seen at the time of breakout * Momentum indicator MACD ranging in positive territory along with showing positive crossover Buy Zensar Technologies Limited - BUY @ 473-476 TGT 510 Stop Loss Below Rs. 450 CB Duration 1 Week   To Read Complete Report & Disclaimer Click H...
LKP Spade, Weekly Pick - Buy Zensar Technologies Ltd For Target Rs. 510 - LKP Securities
LKP Spade, Weekly Pick - Buy Zensar Technologies Ltd For Target Rs. 510 - LKP Securities
Source: LKP Securities Ltd
13/09/2021 11:13:47 AM
Buy Zensar Ltd For Target Rs.470 - Motilal Oswal Growth recovery firmly on track Performance to drive a further re-rating * ZENT reported a strong 1QFY22, with a USD CC revenue growth of 4.8% QoQ, led by Hi-Tech and BFS clients. With the planned increase in S&M spends by the company, EBIT margin declined by 90bp QoQ to 13.9%. While deal TCV (USD97m, 0.8x BTB) in 1QFY22 was meaningfully below its historical run-rate, the company has changed its process of deal win recognition, making the comparison less relevant. * ZENT’s ...
Buy Zensar Ltd For Target Rs.470 - Motilal Oswal
Buy Zensar Ltd For Target Rs.470 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
27/08/2021 12:21:48 PM
Buy Zensar Technologies Ltd For Target Rs. 505 - ICICI Direct Hi Tech drives topline… About the stock: 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%)   Q1FY22 Results: * Zensar reported healthy revenue growth. * Digital revenues increased 5.8% QoQ to US$127.2 million * EBIT margins declined 90 bps QoQ to 13.9% * Deal...
Buy Zensar Technologies Ltd For Target Rs. 505 - ICICI Direct
Buy Zensar Technologies Ltd For Target Rs. 505 - ICICI Direct
Source: ICICI Direct
9/08/2021 9:58:22 AM
Zensar Technologies zooms on reporting 38% rise in Q1 consolidated net profit Zensar Technologies is currently trading at Rs. 406.70, up by 17.70 points or 4.55% from its previous closing of Rs. 389.00 on the BSE. The scrip opened at Rs. 400.00 and has touched a high and low of Rs. 423.70 and Rs. 397.70 respectively. So far 252663 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 423.70 on 27-Jul-2021 and a 52 week low of Rs. 139.15 on 27-Jul-2020. Last one week high and low of the scrip st...
Zensar Technologies zooms on reporting 38% rise in Q1 consolidated net profit
Zensar Technologies zooms on reporting 38% rise in Q1 consolidated net profit
Source: Accord Fintech
27/07/2021 12:16:22 PM
Buy Zensar Ltd For Target Rs.350 - Motilal Oswal Positive on new strategy and leadership We attended ZENT’s analyst meet on Day 2 of the RPG conference, where the management reiterated its GTM strategy and highlighted key investment areas for the company. Here are the key highlights from the meet: * ZENT reiterated its GTM strategy under the new leadership of Mr. Ajay Bhutoria. It reiterated its focus on five strategic growth opportunities (SGOs) to better target the enterprise market. ZENT expects its capabilities under Experie...
Buy Zensar Ltd For Target Rs.350 - Motilal Oswal
Buy Zensar Ltd For Target Rs.350 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/07/2021 10:56:05 AM
MTF Stock Pick Buy Zensar Technologies​​​​​​​ Ltd For Target Rs. 365 - HDFC Securities MTF Stock Pick  Buy Zensar Technologies Ltd  For Target Rs. 365 - HDFC Securities  TECHNICAL OBSERVATIONS Stock price has broken out on the daily chart with higher volumes. Short term trend of the Stock is positive where it is trading above its 5,20 and 50-day EMA RSI oscillator is placed above 60 and rising, Indicating strength in the current uptrend of the stock Plus, DI is trading above -DI while ADX line is placed above 25 Indicating momentum i...
MTF Stock Pick Buy Zensar Technologies​​​​​​​ Ltd For Target Rs. 365 - HDFC Securities
MTF Stock Pick Buy Zensar Technologies​​​​​​​ Ltd For Target Rs. 365 - HDFC Securities
Source: HDFC Securities Ltd
8/06/2021 3:13:18 PM
Buy Zensar Technology Ltd For Target Rs.320 - Motilal Oswal M3bi acquisition to help add scale to ZENT’s BFSI practice ZENT’s announced the acquisition of M3bi, a US and India-based Data Engineering, Big Data and Advanced Analytics, and Digital Engineering firm, for USD33m on 15th May’21.   M3bi to add to ZENT’s capabilities * M3bi (founded in CY10) provides Data Engineering, Big Data, and Advanced Analytics and Digital Engineering Services. It works with some of the leading global brands targeting CIOs, CMOs, ...
Buy Zensar Technology Ltd For Target Rs.320 - Motilal Oswal
Buy Zensar Technology Ltd For Target Rs.320 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/06/2021 10:42:22 AM
Zensar Technologies shines on inking pact to acquire 100% stake in M3bi USA, India Zensar Technologies is currently trading at Rs. 276.00, up by 7.35 points or 2.74% from its previous closing of Rs. 268.65 on the BSE. The scrip opened at Rs. 274.80 and has touched a high and low of Rs. 282.80 and Rs. 272.45 respectively. So far 6505 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 346.95 on 16-Mar-2021 and a 52 week low of Rs. 82.95 on 18-May-2020. Last one week high and low of the scrip stood ...
Zensar Technologies shines on inking pact to acquire 100% stake in M3bi USA, India
Zensar Technologies shines on inking pact to acquire 100% stake in M3bi USA, India
Source: Accord Fintech
17/05/2021 12:12:11 PM
Buy Zensar Ltd For Target Rs.320 - Motilal Oswal Strategy refresh and investment in sales to aid growth Risk reward attractive, upgrade to BUY * While ZENT’s revenue performance in FY21 (down 12% YoY in CC terms) was among the weakest in our IT Services coverage due to hit from both COVID19 and restructuring in its top account (over 20% of revenue), it reported an impressive PAT growth (33% YoY), led by 6pp EBITDA margin improvement. * The company’s low valuation (13x FY23E P/E) is on account of its weak topline perform...
Buy Zensar Ltd For Target Rs.320 - Motilal Oswal
Buy Zensar Ltd For Target Rs.320 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
17/05/2021 9:22:10 AM
Zensar Technologies Q4 net profit up 14.80% at Rs 81.00 cr The company reported standalone net profit of Rs 81.00 crore for the quarter ended March 31, 2021 as compared to Rs 70.56 crore in the same period last year, registering a year-on-year growth of 14.80 per cent. Net revenue of the company declined marginally by 1.45 per cent at Rs 347.88 crore in January-March quarter of this fiscal as against Rs 352.99 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 0.15 per cent to Rs 257.21 crore...
Zensar Technologies Q4 net profit up 14.80% at Rs 81.00 cr
Zensar Technologies Q4 net profit up 14.80% at Rs 81.00 cr
Source: Dion Global Solutions Ltd
30/04/2021 11:21:27 AM
Buy Zensar Technologies Ltd For Target Rs.315 - HDFC Securities Our Take: Zensar’s primary business involves providing digital and technology solutions to global customers. It is engaged in key business verticals like high-tech manufacturing, infrastructure and BFSI. The company intends to continue its focus on cloud and digital transformation and has been targeting on improving its deal pipeline. Along with this, it also plans to use excess cash to acquire meaningful targets and bag new M&A deals. Zensar’s deal booking momentum was...
Buy Zensar Technologies Ltd For Target Rs.315 - HDFC Securities
Buy Zensar Technologies Ltd For Target Rs.315 - HDFC Securities
Source: HDFC Securities Ltd
9/04/2021 10:09:48 AM
Momentum Pick - Buy Zensar Technologies Ltd For Target Rs. 340 - HDFC Securities Momentum Pick - Buy Zensar Technologies Ltd For Target Rs. 340 - HDFC Securities The attached weekly timeframe chart of ZENSARTECH indicate a sustainable upmove over the last many months. We observe a medium term up trend as per the positive sequence of higher tops and bottoms. Formation of range movement during higher bottom formation signal a lack of selling participation after a sharp rise. After moving into a range move in the previous few weeks, the stock price made an...
Momentum Pick - Buy Zensar Technologies Ltd For Target Rs. 340 - HDFC Securities
Momentum Pick - Buy Zensar Technologies Ltd For Target Rs. 340 - HDFC Securities
Source: HDFC Securities Ltd
23/03/2021 12:18:01 PM
Neutral Zensar Ltd For Target Rs.265 - Motilal Oswal Topline growth recovery needed for stock re-rating Expect some reinvestment of margin gains in business * Zensar (ZENT)’s 3QFY21 revenue performance (decline of 3.7% QoQ CC) – impacted by restructuring at its top client – was below our already muted expectation. With the company guiding for a weak 4Q on continued drag from the top client, we expect double-digit decline (-12.1% YoY) for FY21E. * On the other hand, the 3Q EBIT margin (15.9%) was ahead of our expecta...
Neutral Zensar Ltd For Target Rs.265 - Motilal Oswal
Neutral Zensar Ltd For Target Rs.265 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/01/2021 1:01:32 PM