Introduction:
Zen Technologies Ltd., a leading technology company, has experienced a significant increase in its share price over the past 6 months. This surge can be attributed to the company securing a lucrative work order worth Rs 72.29 crore from the Ministry of Defense, Government of India.
Share Price Performance:
Despite a slight decline of 1.25 percent on Friday, September 2, 2023, Zen Technologies’ shares have delivered remarkable returns to investors. The company’s stock closed at Rs 830.00, reflecting a substantial increase of 200 percent in the last 6 months.
Market Capitalization and Historical Performance:
Zen Technologies currently boasts a market capitalization of Rs 7050 Crores. Investors who had faith in the company and invested Rs 1 Lakh in its shares in August 2020 have witnessed their investment grow to a value of Rs 10.56 Lakh. Over the past three years, Zen Technologies has multiplied investors’ money by more than 10 times.
Recent Returns:
The past performance of Zen Technologies’ stock indicates its strong potential. In the last 5 days, investors have earned a return of 4 percent, while in the last 1 month, the company’s shares have generated a profit of 34 percent. Moreover, over the past 6 months, the stock has surged by an impressive 260 percent.
Significant Growth:
Zen Technologies’ share price has experienced substantial growth in recent years. The stock, which was trading at Rs.208 one year ago, has soared by 304 percent to reach Rs.841. This remarkable growth is evident when comparing the share price to its value on August 13, 2021, when it stood at Rs.85. Likewise, the stock has multiplied by over 30 times since April 3, 2020, when it was trading at Rs.27.
Important Note:
Investing in the stock market and mutual funds carries inherent risks. It is strongly advised to consult with a financial advisor before making any investment decisions. AkhandIndia.com shall not be held responsible for any financial losses incurred.
