Rs 1,158.54 crore order book: Multibagger defence drone stock hit upper circuit & 52-week high as company announces stellar quarterly results; PAT jumps 64 per cent!
The stock gave multibagger returns of 157 per cent in just 1 year, 1,616 per cent returns in 3 years and a whopping 12,270 per cent in a decade.
On Monday, shares of Zen Technologies Limited were locked in a 5 per cent to Rs 1,607.85 per share from its previous closing of Rs 1,531.30 with an intraday high of Rs 1,607.85 and an intraday low of Rs 1,582.55. The shares of the company saw a spurt in volume by more than 1.30 times on BSE.
According to Quarterly Results, the net sales increased by 92.2 per cent to Rs 254.62 crore, the operating profit increased by 59.9 per cent to Rs 114.46 crore and the net profit increased by 64.1 per cent to Rs 79.49 crore in Q1FY25 compared to Q1FY24. In its annual results, net sales increased by 101 per cent to Rs 439.85 crore and net profit increased by 159.2 per cent to Rs 129.05 crore in FY24 over FY23.
Zen Technologies, a Pune-based leader in anti-drone technology and defence training, unveiled four innovative products in partnership with its subsidiary AI Turing Technologies. These IP-protected solutions include Hawkeye, a cutting-edge anti-drone camera with long-range detection; Barbarik-URCWS, a lightweight remote-controlled weapon station for ground and naval vehicles; Prahasta, a revolutionary AI-powered quadruped robot capable of terrain mapping and armed with various weapons; and Sthir Stab 640, a stabilized sight for enhanced target acquisition on armoured vehicles. These advanced systems aim to provide unmatched tactical superiority and operational efficiency to armed forces.
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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.
The company has a market cap of over Rs 13,000 crore with a 3-year stock price CAGR of 140 per cent. As of June 2024, the total order book is Rs 1,158.85 crore. The stock gave multibagger returns of 157 per cent in just 1 year, 1,616 per cent returns in 3 years and a whopping 12,270 per cent in a decade. 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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