This small-cap stock rose 4% after receiving an order worth Rs. 72.29 Cr on Thursday. The stock closed 7.7% below the 52-week high. Currently, the stock is trading above the both 50-day and 200-day moving averages.
Zen Technologies Ltd
The company has a market capitalization of Rs. 7,076 Cr., making it a small-cap. On Thursday shares of this company closed 3.60% up at Rs. 842 on NSE.
According to the company filing, the company received an order from the Ministry of Defence valued at Rs. 72.29 Cr. Recently on 14th August, the company received another order from the Ministry of Defence valued at Rs. 64.97 Cr.
The stock has delivered 209% returns in six months and 300% returns in one year, therefore making an investment of 1 lakh six months ago now would be worth 3.09 lakhs and making the same amount of investment one year ago now would be worth 4 lakhs.
As per the company filing, the total revenue of the company increased by 244% YoY from Rs. 39.23 Cr in Q1 FY23 to Rs. 135.13 Cr in Q1 FY24, and for the same period, net profit rose by 590% YoY from 7.02 Cr to Rs. 48.43 Cr.
As per the latest shareholding information, promoters hold 57.45%, the public hold 38.87%, DIIs 0.21% and FIIs hold a 3.47% stake in this company.
Weapons and related military equipment simulators are offered by Zen Technologies Ltd (Zen Technologies). The company’s main offerings include advanced weapon simulators, training modules for small arms, hand grenade simulators, driving simulators, and forward observer simulators.
Written by Sheshadri N
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