Multibagger in just 6 months: This small-cap aerospace & defence company receives order worth Rs 160 crore from Government of India!

The stock has shown remarkable growth over the past 3 and 10 years, with returns of 700 per cent and an impressive 6,300 per cent respectively.

Zen Technologies Limited, a leading provider of military training and anti-drone solutions, is pleased to announce a significant order win from the Government of India valued at approximately Rs 160 crore. The contract comes under the Government's Indigenous Design and Development (IDDM) initiative, which requires Indian IP and over 60 per cent indigenous content. Zen, with three decades of IP-based Design & Development (D&D) experience, stands poised to benefit from such initiatives.

On Friday, shares of Zen Technologies Ltd surged 2.47 per cent to Rs 430.10 per share with an intraday high of Rs 438.90 and an intraday low of Rs 425.26. The shares of the company saw a spurt in volume by more than 2.28 times on BSE. The stock gave multibagger returns of 125 per cent in just 6 months whereas BSE Small-Cap index is up by 14.49 per cent.

Zen Technologies Limited designs develop and manufacture combat training solutions for the training of defence and security forces. The net sales increased by 245.16 per cent and net profit skyrocketed by 354.20 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 213.75 per cent and net profit skyrocketed by 1,815.29 per cent in FY23 compared to FY22. The EPS for FY23 stood at Rs 5.38.

The stock has shown remarkable growth over the past 3 and 10 years, with returns of 700 per cent and an impressive 6,300 per cent respectively. Investors should keep an eye on this small-cap aerospace & defence stock.