{"id":58055,"date":"2022-08-10T14:35:00","date_gmt":"2022-08-10T09:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=58055"},"modified":"2022-08-10T14:33:25","modified_gmt":"2022-08-10T09:03:25","slug":"brokerages-see-up-to-79-upside-in-this-it-stock-are-you-holding-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/brokerages-see-up-to-79-upside-in-this-it-stock-are-you-holding-it\/","title":{"rendered":"Brokerages see up to 79% upside in this IT Stock; Are you holding it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-666233443\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>IT service provider Zensar Technologies Limited\u2019s shares touched their 52-week low on Wednesday\u2019s early trades. Its share price dropped by 11.81% in the past five days to reach its 52-week low of \u20b9 221.75 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3993560037\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company\u2019s revenue jumped 28.46% from \u20b9 936.80 crores in June 2021 to \u20b9 1203.40 crores in June 2022. However, its quarterly net profit is down 25.64% from \u20b9 101.00 crores in June 2021 to \u20b9 75.10 crores in the latest quarter. Its EBITDA stands at \u20b9 157.40 crores in June 2022 down 17.59% from \u20b9 191.00 crores in June 2021.<\/p><p>Zensar Technologies Limited was incorporated in 1963 and is a mid-cap company with a market capitalization of \u20b9 5,308 crores. Its key products and revenue segments include software development charges, other services and software products. Brokerages see an upside of up to 79% on the company\u2019s shares.<\/p><h4 class=\"wp-block-heading\"><strong>HDFC Securities<\/strong><\/h4><p>HDFC Securities expects that the company\u2019s USD revenue will grow by 12.2\/10.1% and EBITDA margins of 11.8\/13.6% for FY23\/24E, resulting in revenue\/EPS CAGRs of +11\/5% over FY22- 24E.<\/p><div class=\"trade-content_5\" id=\"trade-2485252573\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>It has a buy call on the shares of Zensar Technologies with a target price of \u20b9 315.00, achievable within one year. The shares are currently trading at \u20b9227.55 apiece. This translates to an upside of 34.47%.\u00a0<\/strong><\/p><h4 class=\"wp-block-heading\"><strong>ICICI Securities<\/strong><\/h4><p>&#8220;Management noted that it faced high supply-side pressure, which impacted margins; revenue growth remains strong and delivered its highest USD revenue to date. It has pushed the mid-teen margin target by a couple of quarters to Q2FY24E. We are cutting FY23E\/FY24E EPS by 4.8%\/1.3% to incorporate the earning miss,&#8221; said ICICI Securities while retaining a \u2018Buy\u2019 rating with an unchanged target price of \u20b9406.\u00a0<\/p><p><strong>The given target implies an upside of 78.42% as compared to the current market price of \u20b9 227.55.<\/strong><\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-903148360\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>IT service provider Zensar Technologies Limited\u2019s shares touched their 52-week low on Wednesday\u2019s early trades. Its share price dropped by 11.81% in the past five days to reach its 52-week low of \u20b9 221.75 apiece.&nbsp; The company\u2019s revenue jumped 28.46% from \u20b9 936.80 crores in June 2021 to \u20b9 1203.40 crores in June 2022. However, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":35876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[948,936,3153,4178,4183,3157,3158,2746,3227,3716,2597,2599],"class_list":["post-58055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stocks-to-buy","tag-stocks-to-buy-in-2022","tag-stocks-to-buy-long-term","tag-stocks-to-watch","tag-stocks-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brokerages see up to 79% upside in this IT Stock; Are you holding it? - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/brokerages-see-up-to-79-upside-in-this-it-stock-are-you-holding-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brokerages see up to 79% upside in this IT Stock; Are you holding it?\" \/>\n<meta property=\"og:description\" content=\"IT service provider Zensar Technologies Limited\u2019s shares touched their 52-week low on Wednesday\u2019s early trades. 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