Zensar Technologies Ltd.    
27 Jul 2020
Axis Direct
Zensar reported better than expected results in Q1 FY21. Revenue for the period of Q1 FY21 stood at Rs. 991 cr decline by 2.6% QoQ and 4.8%QoQ in CC terms. Operating margin reported a growth of 11bps and stood at 9.9% aided mainly by INR depreciation, lower utilization.
Zensar Technologies Ltd. is trading above it's 200 day SMA of 141.5
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