 "Zen Technologies soars 44% in two days")
Zen Technologies is locked in upper circuit of 20% at Rs 155, extending its previous day’s rally, after the company said the total value of orders pending as on date is Rs 170.68 crore. It includes the annual maintenance contracts (AMCs) of Rs 82.74 crore.
Orders worth approximately Rs 85 crore, out of the above, are expected to be executed within next 2 to 3 quarters, Zen Technologies, IT software products firm said in a press release.
AMCs will be executed over a period of 5 years after the expiry of warranty period. Warranty period is, typically, 2 years, it added.
The stock is currently trading at its 52-week high and has surged 44% in past two trading sessions from Rs 108 on September 19. Around 2,347 shares changed hands and there are pending buy orders for 182,334 shares on the BSE.
Orders worth approximately Rs 85 crore, out of the above, are expected to be executed within next 2 to 3 quarters, Zen Technologies, IT software products firm said in a press release.
AMCs will be executed over a period of 5 years after the expiry of warranty period. Warranty period is, typically, 2 years, it added.
The stock is currently trading at its 52-week high and has surged 44% in past two trading sessions from Rs 108 on September 19. Around 2,347 shares changed hands and there are pending buy orders for 182,334 shares on the BSE.