Buy Zen Technologies, target price Rs 854: HDFC Securities

Zen Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2022.

By ETMarkets.com | Updated: Sep 29, 2023, 11.48 AM IST

Promoters held 57.45 per cent stake in the company as of 30-Jun-2023, while FIIs owned 3.47 per cent, DIIs 0.21 per cent.

HDFC Securities has buy call on Zen Technologies Ltd. with a target price of Rs 854.0. The current market price of Zen Technologies Ltd. is Rs 758.

Zen Technologies Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 6387.36 Crore) operating in IT Software sector.

Zen Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 135.13 Crore, up 40.96 % from last quarter Total Income of Rs 95.86 Crore and up 244.37 % from last year same quarter Total Income of Rs 39.24 Crore. Company reported net profit after tax of Rs 48.44 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 57.45 per cent stake in the company as of 30-Jun-2023, while FIIs owned 3.47 per cent, DIIs 0.21 per cent.

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