Notes on Indian equities, sectors and economy

And we got Zensar right..

Posted by fairval on July 18, 2012

Thankfully, we dont track Infy, otherwise we could have been in the 9 out of 10 bracket.

We did do a report on Zensar on 23 Aug 11, at a price of Rs 127. At that time, we put a target price of Rs 230 for Mar’13, 80% upside in absolute terms. A high target price like this is not the practice in the broking industry. We raised the target price to Rs 275 in Feb’12, when the market price was Rs 168.

The stock hit a high of Rs 279 a few days ago. Just today saw a report by Religare, with a target price of Rs 350 for Marc’13.

So this was a bit of self promotion, but we had the only report on Zensar in 2011. So analysts in the case of Zensar were 100% correct (1 out of 1!)


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