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Zensar Tech Q4 Results Review: IDBI Capital Upgrades Rating To 'Buy' On Steady Deal Wins Amid Macro Headwinds
The brokerage retains a constructive stance on Zensar Tech’s long-term prospects and revise its recommendation to Buy, assigning a target price of Rs 810 based on a valuation of 22.5 times FY27E EPS.
28 Apr 2025, 10:34 AM IST 
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Zensar's revenue for the quarter stood at $156.8 million +0.9%/6.3% CC terms; TMT uptick of 1.7% QoQ and BFSI +3.4% QoQ, while, manufacturing and healthcare decline by 2.6% and 1.4% QoQ.
(Photo source: Company website)
Zensar Technologies' management re-iterated on investing in capabilities and sales team whenever there is an opportunity. Hence, maintains the guidance range of mid-teens of Ebitda margin (15-16%) going ahead.
