ICICI Securities Limited
ZF CV Control Systems India’s (ZFI) Q3FY23 EBITDA margin at 13.7% was up marginally by 10bps QoQ despite 60bps improvement in GM as other expense line item was up 20% (as against QoQ revenue growth of 11%).
ZF Commercial Vehicle Control Systems India Ltd. is trading below its 150 day SMA of 13092.5
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