Small Cap IT Sector Stock Gets "Buy" Call Post Q3 Results, Will Soon Trade 
Ex-Dividend

Small Cap IT Sector Stock Gets " Buy" Call Post Q 3 Results, Will Soon Trade Ex- Dividend { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

IDBI Capital has assigned a " Buy" on Zensar Technologies Ltd., a small- cap IT Sector stock having a market capitalisation of Rs 5,161.32 crore.

The brokerage has assigned Rs 280 apiece target price for the stock of the company.

It claims a potential upside of up to 23 % from its current level if the stock is purchased at the current market price.

The last traded share price of Zensar Technologies is Rs 228 apiece on NSE.

The dividend of INR 1.50 per equity shareholders eligible for the above interim dividend. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

The interim on Fridayholders el, gible for the above interim dividend February 3, 2023 for determining the shareholders within 30 days from the date of declaration.

The record date has been fixed as,, 2023, has saiding to BSE on the equity shares shall be paid/ dispatched to the sharei.

Macro challenges in near term, long term growth intact, Buy

Zensar reported declining revenue in Q 3 FY 23 mainly led by furloughs and lower pass through revenues. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

However, it has registered improvement in EBITDA margins of ~ 273 bps to 11.3%.

Further, the company aims to improve margins to mid- teens ( ~ 15 - 16%) by Q 2 FY 24 E.

Further, the new CEO has been instrumental in turning around a smaller size IT company CSS corp .

The stock has been picked from the brokerage report of IDBI Capital. { "selector": ".imagebox-wrapper", "duration": "4800ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.144)"] } }

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By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt View more