Neutral on Zensar Technologies, target price Rs 290: Motilal Oswal

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Neutral on Zensar Technologies, target price Rs 290:  Motilal Oswal


Motilal Oswal has neutral call on with a target price of Rs 290. The current market price of Zensar Technologies Ltd. is Rs 274.15.

Zensar Technologies Ltd., incorporated in the year 1963, is a Mid Cap company (having a market cap of Rs 6200.51 Crore) operating in IT Software sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 939.21 Crore, down -3.72 % from last quarter Total Income of Rs 975.53 Crore and down -11.41 % from last year same quarter Total Income of Rs 1060.18 Crore. Company reported net profit after tax of Rs 139.17 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 49.23 per cent stake in the company as of March 31, 2020, while FIIs held 17.65 per cent, DIIs 24.66 and public and others 8.46 per cent.



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