Mukul Agarwal’s portfolio multibagger stock: This aerospace & defence company receives order worth Rs 64.97 crore from Ministry of Defence
The stock gave multibagger returns of 280 per cent in just 6 months whereas BSE small-cap index is up by 27 per cent.
Zen Technologies Limited, a leading provider of military training and anti-drone solutions has received an order worth Rs 64.97 crore from the Ministry of Defence, Government of India. The order is related to the supply of simulators and will be delivered within 18 months from LOI. Additionally, a warranty period of 3 years after successful installation and commissioning and a comprehensive maintenance contract (CMC) of 7 years after the expiry warranty period. The worth of the order is Rs 64.97 crore including GST [Rs 55.06 crore excluding GST which includes CMC Charges of Rs 18.54 crore (excluding GST) for 7 years].
Previously, the company received multiple orders worth Rs 702 crore from domestic and international clients. In Q1FY24 ended June 2023, Mukul Agarwal, an ace investor brought 57,758 shares or 1.34 per cent stake in Zen Technologies Ltd.
On Thursday, shares of Zen Technologies Ltd jumped 5 per cent upper circuit to Rs 912.55 per share from its previous closing of Rs 869.10. The stock also made a new 52-week high of Rs 912.55 per share a spurt in volume by more than 2.98 times on BSE. The stock gave multibagger returns of 280 per cent in just 6 months whereas BSE Small-Cap index is up by 27 per cent.
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According to the Quarterly Results, the net sales increased by 300 per cent to Rs 132 crore and net profit increased by 487.5 per cent in Q1FY24 compared to Q1FY23. The net sales increased by 213.75 per cent to Rs 161 crore and net profit skyrocketed by 1,815.29 per cent to Rs 38 in FY23 compared to FY22. The company has a market cap of over Rs 7,300 crore.
The stock is up by 930 per cent in 2 years and over 12,000 per cent in 1 decade. Investors should keep an eye on this small-cap aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.