Reasons for buying:
Buy PE was reasonable at 12.98.
The 5-year earnings average is 12% and earnings increasing since 2012 except in 2017, and 2020.
Return on equity is good at 16.56% but the 5-year average is 15%.
The market cap of the company is ₹5,045 Cr.
Zero debt company with ₹1,019.50 Cr cash. I have bought this stock on three different occasions.
Buy date: 13-Jun-2022
Qty: 35 Buy Price: ₹277.95 Buy EPS: ₹18.27 Buy PE: 15.21
Buy date: 27-Jul-2022
Qty: 40 Buy Price: ₹249.65 Buy EPS: ₹18.27 Buy PE: 13.66
Buy date: 22-Sep-2022
Qty: 45 Buy Price: ₹221.8 Buy EPS: ₹17.08 Buy PE: 12.98
Will stop buying when EPS drops below ₹13.89 or R3 does not satisfy.
Zensar Technologies Ltd provides a range of information technology services and sells IT-related products. The company segments include Digital and Application Services (DAS) and Digital Foundation Services (DFS). It generates maximum revenue from the DAS segment. The Digital and Application services (DAS) segment is engaged in CUstom Applications Management services that include Application Development, Maintenance, Support Modernization, and Testing services across a wide technology spectrum and Industry verticals. The majority of revenue comes from the United States.
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