Zensar Tech - CMP 613
Zensar tech’s stock price has moved up since last week along with all other IT companies. Point to note, the stock has created and completed a cup and handle pattern and closed at an All time high. The stock price has come out of a consolidation which lasted for more than 2 years ( 590 levels in mid Sep 2021 and Friday’s closing was above 590. Today’s closing 613)
Fundamentally management has been doing a lot of cost cutting which is reflected in Q1 and Q2 results. Also one can go through their lastest conference call transcripts.
Disclosure : Invested. (not a recommendation, anyone contemplating investing needs to do their own diligence).
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