External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>In Q1FY24, Zensar Technologies Ltd (Zensar) reported revenue of Rs 1,227 Cr, up 1% QoQ and 1.1% QoQ (in CC terms), which stood slightly below our expectations.</li><li>The company reported an operating profit of Rs 188 Cr, a healthy growth of 33.4% on a QoQ basis.</li><li>The company’s operating margins beat our expectations, increasing by 350bps, mainly due to lower operating costs and favourable currency mix in the quarter. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In Q1FY24, Zensar Technologies Ltd (Zensar) reported revenue of Rs 1,227 Cr, up 1% QoQ and 1.1% QoQ (in CC terms), which stood slightly below our expectations.The company reported an operating profit of Rs 188 Cr, a healthy growth of 33.4% on a QoQ basis.The company’s operating margins beat our expectations, increasing by 350bps, mainly due to lower operating costs and favourable currency mix in the quarter. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Zensar Technologies Ltd. - Robust Execution on Margin Front