Zensar technologies stocks: Buy Zensar Technologies, target price Rs 310 : JM Financial

has buy call on with a target price of Rs 31. The current market price of Zensar Technologies is Rs 238.3. Time period given by analyst is one year when Zensar Technologies price can reach defined target.

Zensar Technologies Ltd., incorporated in the year 1963, is a Mid Cap company (having a market cap of Rs 5366.79 Crore) operating in IT Software sector.

Zensar Technologies key products/revenue segments include Software Development Charges & other services and software products for the year ending 31-Mar-2022.

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For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1224.70 crore. It was down 0.11 per cent from last quarter total income of Rs 1226.10 crore and up 28.21 per cent from last year same quarter total income of Rs 955.20 crore. Company reported net profit after tax of Rs 75.10 crore in latest quarter.

The company’s top management includes Mr.H V Goenka, Mr.Arvind Agarwal, Mr.Venkatesh Kasturirangan, Mr.A T Vaswani, Mr.Ketan Dalal, Mr.Ben Druskin, Mr.Harsh Mariwala, Mr.Anant Goenka, Mr.Ajay S Bhutoria, Ms.Radha Rajappa. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-06-2022, the company has a total of 23 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 49.16 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.95 per cent, DIIs 13.9 per cent.

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