Buy Zensar Technologies, target price Rs 300: HDFC Securities

HDFC Securities has buy call on Zensar Technologies with a target price of Rs 300. The current market price of Zensar Technologies is Rs 268.65.

Zensar Technologies Ltd., incorporated in the year 1963, is a Mid Cap company (having a market cap of Rs 6038.52 Crore) operating in IT Software sector.

Zensar Technologies Ltd. key Products/Revenue Segments include Software Development Charges & Other Services and Software Products for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-12-2022, the company reported a Consolidated Total Income of Rs 1223.50 Crore, down -3.13 % from last quarter Total Income of Rs 1263.00 Crore and up 8.60 % from last year same quarter Total Income of Rs 1126.60 Crore. Company reported net profit after tax of Rs 76.50 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 49.15 per cent stake in the company as of 31-Dec-2022, while FIIs owned 10.75 per cent, DIIs 11.45 per cent.