Multibagger Small Cap Defence Sector Company Bags Order Approx. Rs 314 Crores, Shares Surge 13.19%

Zen Technologies Limited today, Tuesday, Jul 11, 2023, announced that it bags a significant order of approx. Rs 340 Crores (~41.5 million USD). Zen Technologies is a small cap Defence sector company. The company has a market capitalisation of Rs 3,824.03 Crore.

ZEN TECHNOLOGIES LIMITED SECURES MAJOR ORDER FORESEES MORE ORDERS IN NEAR FUTURE

"Zen Technologies Limited, a leading provider of military training and anti-drone solutions, is pleased to announce a significant order win in the export markets. The order is valued at approximately ₹ 340 crores (~ 41.5 million USD)," the company said in a press release.

Stock Movement

Following the announcement, the Shares of Zen Technologies Ltd. surged 13.19% to hit a 52-week high, closed at Rs 480.95 apiece on BSE. Its new 52-week high is Rs 488.40 apiece and its 52-week low is Rs 167.05 apiece.

The stock jumped 15.52% in the past 1 week, while in the past 2 weeks, it jumped 16.34%. It gave 13.01% positive return in 1 month and 57.48% in 3 months, respectively. It gave 148.68% multibagger return in 6 months. In 1 year, it gave 176.33% multibagger return, 410.56% in 2 years, 831.17% in 3 years and 432.32% in 5 years, respectively.

About - Zen Technologies Limited

Zen Technologies Limited is a renowned industry leader with over three decades of expertise in delivering cutting-edge Military Training and Anti-Drone solutions. The company specializes in manufacturing state-of-the-art land-based military training simulators, driving simulators, live range equipment, and anti-drone systems. With a dedicated Research and Development (R&D) facility in Hyderabad, recognized by the Ministry of Science and Technology, Government of India, Zen Technologies has demonstrated its commitment to innovation. The company has filed for over 110 patents and successfully shipped more than 1000 training systems worldwide.