{"id":102575,"date":"2023-05-08T16:30:00","date_gmt":"2023-05-08T11:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102575"},"modified":"2023-05-08T16:05:41","modified_gmt":"2023-05-08T10:35:41","slug":"defence-stock-jumps-up-to-8-after-company-reports-net-profit-increase-of-510","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-up-to-8-after-company-reports-net-profit-increase-of-510\/","title":{"rendered":"Defence stock jumps up to 8% after company reports net profit increase of 510%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1159903777\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Zen Technologies Ltd hit an intraday high of \u20b9324.70 logging over a 13 percent rise on Monday.&nbsp; The stock ended the session at Rs 308.20 levels which is about 8 percent higher than the previous closing level of Rs 285.50. In the past 6 month period, the stock has jumped around 51.39 percent ranging from Rs 203.65 to the current price levels.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-734966922\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>One of the probable reasons for the stock prices to surge today is the recent announcement made by the company pertaining to the financial results of last quarter as well as for FY 22-23. Details of the same have been mentioned later on in the piece.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ZENTEC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Zen Technologies Ltd.<\/a><\/strong> Is a pioneer in the design, development, and manufacture of world-class combat training solutions for the training of defence and security forces. It is actively involved in the indigenization of technologies, which are beneficial to the Indian armed forces, state police forces, and paramilitary forces.\u00a0<\/p><p>Having a quick walkthrough of the financials reported by the company, the operating revenues increased from Rs 52 crores in Q3 to Rs 96 crores in Q4. Similarly, The net profits of the company, during the same period, transitioned from Rs 12 crores to profits of Rs 23 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2497769049\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Having a YoY comparison of the metrics mentioned above, the revenues significantly improved from Rs 70 crores during FY 21-22 to Rs 219 crores in FY 22-23. The PAT numbers have jumped multi folds from Rs 3 crores to Rs 50 crores in the period.\u00a0The debt-to-equity ratio of the company slightly increased from 0.01 during FY20-21 to 0.06\u00a0 in FY 21-22.\u00a0<\/p><p>According to the latest data pertaining to the shareholding pattern, promoters of the company hold a 60.14 percent stake, and Foreign Institutional Investors (FIIs) hold a 1.29 percent stake in the company for FY 22-23.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2754385043\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Zen Technologies Ltd hit an intraday high of \u20b9324.70 logging over a 13 percent rise on Monday.&nbsp; The stock ended the session at Rs 308.20 levels which is about 8 percent higher than the previous closing level of Rs 285.50. In the past 6 month period, the stock has jumped around 51.39 percent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":57805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6248,6249,8797,948,936,9042,9040,9041,9039],"class_list":["post-102575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-defence-stock-to-buy-now","tag-defence-stocks-listed-on-nse","tag-latest-stock-market-news","tag-stock-market","tag-stock-market-news","tag-why-is-zen-technologies-going-up","tag-zen-technologies-latest-news","tag-zen-technologies-q4-results-2023","tag-zen-technologies-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defence stock jumps up to 8% after company reports net profit increase of 510% - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the company hit an intraday high of \u20b9324.70 logging over a 13 percent rise on Monday.\u00a0 The stock ended the session at Rs 308.20 levels which is about 8 percent higher than the previous closing level of Rs 285.50. In the past 6 month period, the stock has jumped around 51.39 percent ranging from Rs 203.65 to the current price levels.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=102575\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Defence stock jumps up to 8% after company reports net profit increase of 510%\" \/>\n<meta property=\"og:description\" content=\"Shares of the company hit an intraday high of \u20b9324.70 logging over a 13 percent rise on Monday.\u00a0 The stock ended the session at Rs 308.20 levels which is about 8 percent higher than the previous closing level of Rs 285.50. 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