Zensar Tech
BSE ID : 504067 NSE ID : ZENSARTECH
RECOMMENDED PRICE 105.00
PEAK FROM RECO 587.00 459.05%
CURRENT PRICE 621.00 Resource id #18
Zensar Technologies is into IT services and belongs to RPG Goenka group. It is a strong buy. Most of the mid size software companies are trading at a PE mutiple of 18-20, on the basis of that Zensar will trade at Rs 400. Even, a conservative PE Multiple of 15 is taken, Zensar's price will go to Rs 300, which is an upside of 15% from its current level of Rs 195.
Having its presence across the world it has opened a world class development centre in Pune and a BPO centre in Hyderabad. The BPO centre will add to the company's topline and bottomline next year.
Business is expected to grow by 30% plus in FY07. The company is expected to give a consolidated turnover of Rs 500 crore, profit of Rs 47 crore and EPS of Rs 20 in FY07.