Karvy
Good set of numbers: Zensar Technologies reported revenues which were in line with estimates. EBITDA (up 63% YoY), EBITDA margin (up 330 bps YoY) and PAT (up 75% YoY) were above estimates due to a) better utilization (85.8 vs83.8/83.2 QoQ/YoY) b) high gross margins c) higher volume growth and d) higher other operating income.
Zensar Technologies Ltd.'s price crossed above 30Day SMA today
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