Rs 1,400 crore order book and 800 per cent returns: This multibagger aerospace & defence company bags new order worth Rs 42 crore!

Shares of the company gained more than 110 per cent in the last six months.

Zen Technologies Limited has secured an export order worth Rs 42 crores (5.12 million USD) for state-of-the-art simulators. The order is from a friendly nation and reflects the company's growing influence and reputation on the global stage. It also aligns with the Indian government's efforts to boost defence exports and become a net defence exporter. Ace investor Mukul Agrawal holds a 1.34 per cent stake in the company.

Zen Technologies has reported a strong second quarter for FY24, with net sales growth of 99.04 per cent to Rs 66.50 crore, compared to Rs 33.41 crore in the same quarter last year. The operating profit also saw a significant increase of 85.98 per cent. The net profit for the quarter increased by 78.67 per cent to Rs 13.63 crore, compared to the previous year's same quarter.

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Zen Technologies Limited develops and manufactures combat training solutions for the training of 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 and the USA.

The stock also delivered multibagger returns of over 800 per cent in the last three years. The company has an order book of Rs 1,400 crore.

The stock has shown impressive growth and investors should keep a close eye on this stock.    

Disclaimer: The article is for informational purposes only and not investment advice.