Thus far in the calendar year 2024, the stock price of Zen has zoomed 156 per cent, as compared to 13 per cent rise in the BSE Sensex.
The rise in Zen Technologies share price came after the company announced that it has launched remote-controlled weapon and surveillance systems to strengthen India's defence capabilities.
Shares of Zen Technologies hit a new high of Rs 1,876.05 on the BSE today after the company successfully raised Rs 1,000 crore through its first-ever QIP
Shares of Zen Technologies soared up to 4.6 per cent, reaching its all time high at Rs 1,865 per share on the BSE in Thursday's intraday deals
The new facility will be established at a cost of Rs 50 crore, and is expected to create employment opportunities for 800 individuals
Zen Technologies had won an order for anti-drone systems worth Rs 227.65 crore and orders worth Rs 202 crore from the defence ministry earlier this year
Closing Bell on September 25, 2023: The broader markets ended with steady gains with the BSE MidCap index advancing 0.46 per cent, and the BSE SmallCap 0.12 per cent
Stocks to watch on Monday, September 25, 2023: Canara Bank, Delta Corp, Granules, Hindustan Copper, Indiabulls Housing and Manappuram Finance are the six stocks in F&O ban period today.
Thus far in the calendar year 2023, the stock price of Zen Technologies has skyrocketed 372 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.
The company's net profit jumped nearly 6-fold to Rs 47.13 crore for Q1FY24, backed by a near 4-fold growth in revenue.
Thus far in the current calendar year, the stock has skyrocketed 184 per cent, as compared to 7.5 per cent rise in the S&P BSE Sensex.
Thus far in the calendar year 2023, the stock of India's leading anti-drone technology and defense training solutions provider has zoomed 146% as compared to a less than 3.3% rise in the Sensex
Zen Technologies rallied 9% to hit a new high of Rs 354.90 on the BSE in Thursday's intra-day trade after its board approved allotment of over 4 million shares to investors on conversion of CCDs
Zen Technologies believes that it will play a significant supporting role in the government's prestigious Agnipath initiative and efforts to modernize training.
The company expects a few more big order wins from aggressive purchase being made by the government
The SGX Nifty indicates a quiet start for our markets this morning
The stock has seen frenzied buying activity after the company bagged order worth Rs 155 crore from the Indian Air Force
Zen Technologies was locked in the 20% upper cicuit at Rs 139.80 on the BSE on Thursday
Defence exports in the country witnessed strong growth in the last two years and India targets to export military equipment worth US $5 billion (Rs 35,000 crore) in the next five years
Q&A with managing director of Zen Technologies