Zensar Technologies’ shares surged nearly 10% after reporting strong Q3FY25 results, with a 10.1% YoY revenue growth to Rs 1,325.6 crore. However, profitability declined 2.7% YoY to Rs 159.8 crore. Operating revenue grew 8.6% YoY, with a PAT margin of 12%. The stock has gained 53.5% over the past year.
A $73 billion short book is putting pressure on rupee
The Indian rupee is underperforming among emerging Asian currencies due to the Reserve Bank of India’s (RBI) strategy to bolster its foreign-exchange reserves. The RBI’s