Multibagger stock: Shares of Zensar Technologies have been performing very well. The stock has risen 178% in a span of one year, while it has given multibagger returns of over 113% so far this year (Year-to-date or YTD). From trading around ₹242 per stock level in early January, Multibagger stock is currently trading near ₹516.
Within the IT sector, Zensar Technologies is showing resilience by maintaining its 50-day EMA above the 50-day EMA, brokerage firm ICICI Securities said in a recent note. The brokerage firm has given a ‘Buy’ rating to the stock and has recommended a target price of ₹595 per share and a stop loss of ₹468 for the three-month time frame.
Zensar Technologies provides Application and IMS services to Hi-Tech, Manufacturing, Retail and BFSI. It is net debt free and has a healthy double digit return ratio (with a ROCE of 19%). The company saw healthy growth due to new logos, healthy demand and a boom in existing customers. Zensar has aligned its services with client spend, which is helping to accelerate growth. Zensar has also hired leadership to drive growth in this segment.
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Multibagger stock Tips: This stock made 1 lakh rupees in one year to 31.93 lakh rupees, did you buy?