Buy Zen Technologies, target price Rs 300: HDFC Securities

HDFC Securities has buy call on Zen Technologies with a target price of Rs 300. The current market price of Zen Technologies Ltd. is Rs 195.8. Time period given by analyst is one year when Zen Technologies Ltd. price can reach defined target.

Zen Technologies Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1558.00 Crore) operating in IT Software sector.

Zen Technologies Ltd. key Products/Revenue Segments include Software Products and Software Services for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 39.24 Crore, up 29.02 % from last quarter Total Income of Rs 30.41 Crore and up 266.32 % from last year same quarter Total Income of Rs 10.71 Crore. Company reported net profit after tax of Rs 7.03 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 60.19 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.32 per cent, DIIs 0.0 per cent.