Buy Zensar Technologies Ltd., target Rs 1300.0 : Motilal Oswal Securities

Motilal Oswal Securities has Buy call on Zensar Technologies Ltd. with a target price of Rs 1300.0. The current market price of Zensar Technologies Ltd. is 1007.45. Time period given by analyst is year, when Zensar Technologies Ltd. price can reach defined target. Motilal Oswal is expecting about 27 per cent jump in Zensar stock over next 12-months. "We expect 5 per cent revenue growth in FY17 because of pruning of non-core areas. That said, execution progress in focus areas lends confidence on gradual growth improvement. Despite reinvestments, portfolio reconstitution and revenue growth revival will potentially aid margin expansion of 200bp over the next two years. Given Zensar's improved positioning and our expectation of consequent improvement in financials, we see potential for growth acceleration and stock re-rating," the brokerage said.