Zensar Technologies Share Price Target Forecast 2022, 2023, 2025, 2030

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29 December, 2021

ICICI Securities believes this IT stock has significant upside potential.

Zensar Technologies (Zensar) provides application and IMS services to the high-tech, manufacturing, retail, and financial services industries. ICICI Securities, a brokerage house, emphasised the company’s organic and inorganic growth over the years, highlighting its net debt-free status and excellent double-digit return ratio (with a RoCE of 19%).

Over the last five years, Zensar’s stock price has increased by almost 2.6 times (from roughly $175 in December 2016 to around 470 in December 2021). The brokerage company has maintained a Buy recommendation on the multibagger stock, which is up roughly 115 percent this year. Zensar is valued at $565 per share (goal price), with a twelve-month target timeframe.

“Zensar is solving historical shortages. According to ICICI Securities, “the new CEO has created a plan to focus on the experience side and expand skills in digital engineering, analytics, artificial intelligence, and machine learning.”

Long-term revenue growth is dependent on deal momentum, annuity revenues, increased investment in sales and personnel, leadership, and tuck-in acquisition to enhance competence. According to the brokerage, dollar sales CAGR (compound annual growth rate) of 11% is expected over FY21-23E, which might function as important triggers for future price performance.

In Q2FY22, Zensar Tech had a good increase in new clients. Revenues are likely to grow even more as a result of client mining and new logo additions. Due to increased outsourcing and decreased staff expenses, margins rose from 14.8 percent in FY16 to 18.1 percent in FY21. The upward trend in margins is also projected to continue.

Apart from Zensar, ICICI Securities noted in its IT coverage that it views Infosys as a significant benefactor of enhanced digital demand, industry-leading revenue growth, and good capital allocation. It has a Buy rating on Infosys stock, with a target price of $2,060 per share.

livemint.com is the source of this information.


19 October, 2021

This year, this multibagger stock has gained 113 percent. ICICI Securities believes there is still room for growth.

Zensar Technologies’ stock has excelled throughout the recent bull market rise, with the company rising 178 percent in a year and a multibagger return of over 113 percent so far this year (year-to-date or YTD). The multibagger stock, which was trading at 242 per level in early January, is now hovering around 516 per level.

In the midst of a secular uptrend, the IT index has taken a pause. Zensar Technologies has shown durability in the IT area, according to ICICI Securities, by maintaining well above its 50-day EMA.

“We believe the restored traction in the IT sector will offer impetus to the aforementioned technical evidences, allowing the stock to progressively travel towards our targeted objective of 595 as it approaches the all-time high,” the brokerage said. With a three-month time frame, it has a Buy recommendation on the company, with a target price of 595 per share and a stop loss of 468.

The market has been retracing at a slower pace over the last three weeks, retracing 80 percent of the previous two weeks’ advance (428-587). This demonstrates a strong price structure, which bodes well for the next leg of the uptrend. Weekly MACD is moving upward while remaining above its nine-period average on the oscillator front. This supports ICICI Securities’ optimistic outlook, it added.

Zensar Technologies (Zensar) provides application and IMS services to the high-tech, manufacturing, retail, and financial services industries. Over time, it has expanded both organically and inorganically. It is debt-free and has a positive return ratio in the double digits (with RoCE of 19 percent ).

New logos, solid demand, and ramp-up in current clients all contributed to the company’s excellent expansion in the hi-tech vertical. Zensar has matched its services to customer spending, which has aided in the company’s growth. Zensar has also employed executives to help accelerate the segment’s growth.

The firm is pursuing huge transactions (with the help of third-party consultants and an internal team), as well as growing its hunting sales (which has resulted in one customer transitioning to a US$20 million bucket), all of which will help it grow even faster.

livemint.com is the source of this information.


13 AUGUST 2021

On a’multi-million-dollar deal’ with the city of San Diego, Zensar Technologies shares hit a 52-week high.

After signing a “multi-million-dollar” contract with the American city of San Diego, Zensar Technologies hit a 52-week high of Rs 439.30, gaining 5% intraday on August 13.

The business announced in a press statement that it has “struck a four-year, multi-million-dollar deal with the City of San Diego for Workplace and Enterprise Compute Manage IT Services.”

The deal includes the potential of being extended for two more two-year terms with a total value of $122 million.

Zensar’s CEO and Managing Director, Ajay S Bhutoria, said, “We are thrilled the City of San Diego has picked Zensar as their provider for business compute services and workspace services.”

“Zensar is a staunch believer in technology serving human needs first and foremost, and has invested in bringing together human experience, engineering, data, and cloud to provide solutions that power smart cities and high-speed corporations.” He went on to say, “We are pleased of our continued cooperation with one of America’s most forward-thinking communities.”

Zensar will invest in programmes in the San Diego region as part of its Corporate Social Responsibility commitment to encourage science, technology, engineering, and mathematics (STEM) education for youngsters.

Zensar will also increase its support for STEM in San Diego by providing mentorships, paid internships for students from underserved neighbourhoods, attending job fairs, giving public speeches, and investing more in educational initiatives, according to the company.

moneycontrol.com is the source of this information.


APRIL 09, 2021

Zensar Technologies’ stock price grows as a result of a global strategic alliance with Claimatic, located in the United States.

On April 9, Zensar Technologies’ stock rose more than 2% intraday after the business announced a global strategic alliance with Claimatic, located in the United States.

Claimatic, located in the United States, has established a global strategic relationship with the firm. Claimatic’s strategic consulting, enterprise delivery, and implementation capabilities are combined in this alliance. According to a filing to the BSE, this new, unique cooperation utilises Claimatic and Zensar’s respective capabilities to offer compelling value for both firms and their mutual clientele.

At 10:17 a.m., the stock was trading at Rs 282.00, up Rs 7.65, or 2.79 percent. It has traded between a high of Rs 290 and a low of Rs 280.30 during the day.

Zensar Tech may declare a net profit of Rs 872.8 crore, down 3.7 percent from the previous quarter, according to research company Prabhudas Lilladher (down 14.2 percent year-on-year).

According to Prabhudas Lilladher, net sales are likely to drop 17% quarter-on-quarter (increasing 17.9% year-on-year) to Rs 81.9 crore.

EBITDA (earnings before interest, taxes, depreciation, and amortisation) is expected to drop 15.7 percent quarter-on-quarter (up 11 percent year-on-year) to Rs 157.1 crore.

The firm has zero promoter promise, according to Moneycontrol SWOT Analysis powered by Trendlyne, with FII / FPI or Institutions expanding their stake.

Moneycontrol’s technical assessment is positive, with bullish moving averages and neutral technical indicators.

moneycontrol.com is the source of this information.


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