Zen Technologies soars on receiving order from Ministry of Defence
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Zen Technologies is currently trading at Rs. 788.00, up by 32.95 points or 4.36% from its previous closing of Rs. 755.05 on the BSE.
The scrip opened at Rs. 781.50 and has touched a high and low of Rs. 789.00 and Rs. 757.00 respectively. So far 30327 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 912.55 on 17-Aug-2023 and a 52 week low of Rs. 175.50 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 789.00 and Rs. 659.00 respectively. The current market cap of the company is Rs. 6597.47 crore.
The promoters holding in the company stood at 57.45%, while Institutions and Non-Institutions held 3.68% and 38.87% respectively.
Zen Technologies has received order from the Ministry of Defence, Government of India. Valued at approximately Rs 227.65 crore, inclusive of GST, the domestic order is for the supply of Anti-Drone systems. Zen was the resultant single vendor for this Anti-Drone systems order. Built into the contract is Comprehensive Maintenance Contract (CMC) post-warranty, at a cost of Rs 43.22 crore, inclusive of GST. This significant development reinforces Zen Technologies' market position as a go-to company for Indian IP owned Anti-drone systems.
Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators.
