Mukul Agarwal gains Rs 41,44,137 in just 2 days from this multibagger aerospace & defence stock with Rs 1,434.38 crore order book; Reports stellar Q3FY24 & 9MFY24 results!
The stock gave multibagger returns of 300 per cent in just 1 year whereas the BSE Small-Cap index is up by 59 per cent.
Today, one of the Top Gainers on BSE, shares of Zen Technologies Ltd hit 5 per cent upper circuit to Rs 800.75 per share from its previous closing of Rs 762.65 with a spurt in volume by more than 1.40 times on BSE.
The stock gave multibagger returns of 300 per cent in just 1 year whereas the BSE Small-Cap index is up by 59 per cent. The company has a market cap of Rs 6,729.84 crore.
The sudden rise in the stock price was due to the company announcing its Quarterly Results (Q3FY24) and nine-month results (9MFY24) for the financial year 2023 – 2024. According to the quarterly results, the net sales increased by 89.6 per cent to Rs 99.52 crore and net profit skyrocketed by 150.1 per cent to Rs 29.84 crore in Q3FY24 over Q3FY23 while in its nine-month results, the net sales skyrocketed by 142.7 per cent to Rs 298.47 crore and net profit skyrocketed by 245.6 per cent to Rs 91.92 crore in 9MFY24 over 9MFY23.
As of December 31, 2023, the total order book to Rs 1,434.38 crore. An ace investor, Mukul Agarwal owns 57,758 shares or 1.34 per cent stake in Zen Technologies Ltd. From Rs 729 to Rs 800.75 per share, the stock is up by 71.75 per share or 10 per cent in just 2 days. Therefore, Mukul Agrawal’s portfolio increased by Rs 41,44,137 in just 2 days.
Zen Technologies Limited was incorporated in 1996. The company designs, develops and manufactures combat training solutions and counter-drone solutions for defence and security forces. It is actively involved in the indigenization of technologies, which are beneficial to Indian armed forces, state police forces, and paramilitary forces. Zen Technologies is headquartered in Hyderabad, India with offices in India, UAE, and the USA. Investors should keep an eye on this multibagger aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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