Zensar Technologies was able to grow its EPS at 6.7% per year over three years, sending the share price higher. In comparison, the 42% per year gain in the share price outpaces the EPS growth. This suggests that, as the business progressed over the last few years, it gained the confidence of market participants. It's not unusual to see the market 're-rate' a stock, after a few years of growth.
Stock is above 200/100 EMA but below 50 / 20 EMA.
Daily volume is 0.4 of weekly volume
15% below 52 Week High
Q1FY24, good growth in revenue and improved margins. Quarterly services revenue stood at $149 million, a sequential QoQ growth of 2.4% in constant currency terms. EBIDTA increased by 420 basis points to 18.7%.
Number of FIIs increased from 12 to 16%. Good accumulation is observed at current levels, it seems that closing above Rs 510 will give target 560, 620. Keep a stop loss of 478 and slowly update it to box low.
Stock is above 200/100 EMA but below 50 / 20 EMA.
Daily volume is 0.4 of weekly volume
15% below 52 Week High
Q1FY24, good growth in revenue and improved margins. Quarterly services revenue stood at $149 million, a sequential QoQ growth of 2.4% in constant currency terms. EBIDTA increased by 420 basis points to 18.7%.
Number of FIIs increased from 12 to 16%. Good accumulation is observed at current levels, it seems that closing above Rs 510 will give target 560, 620. Keep a stop loss of 478 and slowly update it to box low.