However, Q3 results are amazing - EPS for quarter is Rs 13.31 and the company is on track to report an annualized EPS of Rs 53.
After factoring that Zensar has bought back 10% of it`s equity at Rs 165 levels, the revised EPS for the year will be Rs 58.
Zensar has outperformed all the major and minor IT players - is an ideal candidate for re-rating to be comparable with MBT or Wipro. Even if we take a P/E ratio of 12, the share will rise to Rs 700.
| NIFTY 
