The significant correction in the stock price of Zensar has rendered the valuation extremely attractive
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
The IT pack had a tough going on the bourses in the past three months and Zensar (CMP: Rs 265 Market Cap: Rs 5,997 crore) — the mid-sized IT company from the RPG stable — was no exception. It not only underperformed the Nifty but also the IT index, with a decline of close to 28 percent over this period. After a lacklustre FY21, which was in sharp contrast to its peers, FY22 was sort of a turnaround year for…
