Zen Technologies trades higher on receiving order from Ministry of Defence
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Zen Technologies is currently trading at Rs. 427.70, up by 2.10 points or 0.49% from its previous closing of Rs. 425.60 on the BSE.
The scrip opened at Rs. 429.75 and has touched a high and low of Rs. 435.00 and Rs. 426.05 respectively. So far 68794 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 453.15 on 08-Jun-2023 and a 52 week low of Rs. 162.90 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 453.15 and Rs. 399.90 respectively. The current market cap of the company is Rs. 3601.72 crore.
The promoters holding in the company stood at 60.14%, while Institutions and Non-Institutions held 1.44% and 38.43% respectively.
Zen Technologies has received an order from Ministry of Defence, Government of India for supply of training equipment to Ministry of Defence. Training equipment of around Rs 171 crore has to be supplied within 12 months along with a warranty for 4 years. Post-warranty, Comprehensive Maintenance Contract (CMC) of around Rs 31 crore will be spread over 4 years.
Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators.
