IT - Software
IT - Software
from 521 today
Zensar delivered a better-than-expected start to FY27, though near-term growth remains constrained by macro uncertainty across most verticals. We maintain our HOLD rating with a revised target price of INR 570 based on a 14x target multiple.
Zensar posted decent Q1FY27 results with revenue beating estimates and margins above expectations, though TCV remained soft. While the BFSI mega deal provides a boost, near-term growth prospects outside the deal remain modest and margins will likely remain under pressure; we retain 'HOLD' with a target price of INR530.
We maintain a HOLD rating on Zensar Technologies Ltd. with a target price of Rs 560/share, as near-term headwinds including transition costs and challenges across select verticals are likely to keep profitability subdued despite improving long-term growth prospects.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
