Zen Technologies rises on launching remote-controlled weapon, surveillance systems
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Zen Technologies is currently trading at Rs. 1715.00, up by 17.15 points or 1.01% from its previous closing of Rs. 1697.85 on the BSE.
The scrip opened at Rs. 1740.05 and has touched a high and low of Rs. 1760.00 and Rs. 1710.00 respectively. So far 8524 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1969.85 on 27-Aug-2024 and a 52 week low of Rs. 650.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1760.00 and Rs. 1632.80 respectively. The current market cap of the company is Rs. 15629.71 crore.
The promoters holding in the company stood at 55.07%, while Institutions and Non-Institutions held 6.46% and 38.47% respectively.
Zen Technologies in collaboration with its subsidiary AI Turing Technologies has unveiled four revolutionary remote-controlled weapon and surveillance systems. These state-of-the-art innovations are poised to redefine modern warfare and strengthen India's defense prowess.
The newly launched systems are RCWS - 7.62 x 51 MMG (Parashu), Tank Mounted RCWS - 12.7 x 108 HMG (Fanish), Naval RCWS - 12.7 x 99 HMG (Sharur) and Artillery Rugged Camera (Durgam). This underscores Zen Technologies’ commitment to the ‘Aatmanirbhar Bharat’ vision by offering indigenous, IP-owned solutions designed to meet the evolving needs of armed forces across various platforms, including armored vehicles and naval defense.
This strategic launch follows Zen's successful track record with previous systems like Hawkeye, Barbarik-URCWS (Ultralight Remote Control Weapon Station), Prahasta, and Sthir Stab 640, cementing its role as a pivotal player in India’s defense modernization efforts.
Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators.
