Zen Technologies Share Price: Ministry of Defence awards Rs 123 crore order
Zen Technology Limited, a company specializing in military equipment and anti-drone technology, has received an order worth Rs 123 crore from the Ministry of Defence, Government of India. This adds to the company’s order book, which stood at Rs 542 crore as of June 30, 2023.
Zen Technology’s order book reaches Rs 1275 crores
In the second quarter of the current financial year, Zen Technology Limited has secured new orders worth Rs 733 crore. This has boosted the company’s order book, which now stands at Rs 1275 crores. The shares of Zen Technology Limited closed at Rs 813.50 on Monday, September 11, 2023, with a decline of 1.88 percent.
Veteran investor Mukul Agarwal invests in Zen Tech Limited
Mukul Agarwal, a seasoned stock market investor, has purchased 1.34 percent share capital of Zen Technology Limited Company in the June quarter. Agarwal bought 57,758 shares of the company, which has yielded a 12 percent profit to investors in the last one month and a 194 percent profit in the last six months.
Impressive returns for Zen Technology Limited
Investors in Zen Technology Limited Company have witnessed substantial returns. The stock has earned a return of 285 percent in the last one year and 960 percent in the last 5 years. In the last 10 years, the stock has generated a remarkable profit of 13,500 percent for its shareholders.
On August 20, 2021, shares of Zen Technology Limited Company were trading at Rs.79, and now they have reached the price of Rs.813. This smallcap company operating in the defense and aerospace sector has proven to be a lucrative investment option.
Steady growth and government orders
The Ministry of Defence, Government of India, recently awarded Zen Technology Limited Company an order worth Rs 72.29 crore. In the June 2023 quarter, the company achieved a revenue of Rs 132 crore, marking a growth of 257 percent compared to the previous year. The company also reported an operating profit of Rs 72 crore.
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