Analyst Meet Update - Zensar Technologies - ICICI Direct

We attended the virtual analyst meet of Zensar Technologies. The key highlights of the meet were it will take four to eight quarters for a complete turnaround of the company. To achieve this, Zensar is addressing key shortages of past. In addition, the new CEO has devised a strategy to focus on experience side and build capabilities in digital engineering, data, artificial intelligence and machine learning. These technologies require 5x investment compared to the investment in experience. Further, Zensar is expanding sales capability (in pre-sales hunter, farmers) and hiring leaders to drive growth. The company is also focusing on increasing deal velocity and annuity revenues to counter deal ramp downs. In addition, Zensar plans to drive growth via tuck in acquisition. We believe all these initiatives bode well for long term growth and prompt us to be positive on the stock.

For details, click on the link below: Link to the report

Shares of ZENSAR TECHNOLOGIES LTD. was last trading in BSE at Rs.294.05 as compared to the previous close of Rs. 295.65. The total number of shares traded during the day was 44140 in over 1677 trades.

The stock hit an intraday high of Rs. 295.6 and intraday low of 285.25. The net turnover during the day was Rs. 12947978.

Source : Equity Bulls

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