Small Cap IT Co Bags Order Worth Rs 202 Cr from Ministry of Defence, Shares Jump 128% YTD

Leading small cap company operating in the IT Software sector, Zen Technologies Ltd on June 12 informed BSE that it has bagged an order worth Rs 202 crore from Ministry of Defence (MoD). Zen Technologies shares witnessed a rally of 121% in just last 6-months. Current market price of Zen Technologies stock on BSE is quoted at Rs 427.00 with intraday jump of 0.33%. Check details below:

Zen Technologies Ltd Secures Order From Ministry of Defence: According to the exchange filing of Zen Technologies, "With reference to the subject cited above, the additional details, pursuant to SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015, are as follows:

"The order is related to supply of training equipment to Ministry of Defence, hence confidential in nature. The order is related to supply of training equipment. Training equipment of ~ Rs. 171 Cr has to be supplied within 12 months along with a warranty for 4 years. Post-warranty, Comprehensive Maintenance Contract (CMC) of ~Rs. 31 Cr will be spread over 4 years."

Zen Technologies Stock Performance & Return: Current market price of Zen Technologies stock is Rs 427.00 per share. Its 52-week high price is Rs 453.15 per share and 52-week low price is Rs 162.90 per share, respectively. Its market capitalisation is Rs 3,395.08 crore.

Return Over The Years: In last 1-year, Zen Technologies shares offered return of 126%, 375% return in last 2-years, and 765% return in last 3-years.

Zen Technologies About: Incorporated in 1993, Zen Technologies Limited designs, develops and manufactures state-of-the-art combat training solutions for the training of defence and security forces worldwide. Zen Technologies is headquartered in Hyderabad, India with offices in India, UAE and USA. Zen Technologies produces over 40 different Live Fire, Live Instrumented, Virtual and Constructive training systems to support individual and collective training capabilities. With over 1,000 training systems shipped around the world, Zen Technologies is a proven leader in building training systems for developing and measuring Combat Readiness, according to its official website.

Disclaimer: The company bagged order from Ministry of Defence on June 12. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.