Gukesh Dommaraju of Indian Stock Market: Multibagger Defence Stock With Rs 956.74 Crore Order Book Hits All-Time High With Sudden Spike In Indian Stock Market
The stock gave multibagger returns of 216 per cent in just 1 year, 1,000 per cent returns in 2 years and a whopping 4,900 per cent in a decade.
Eighteen-year-old Indian chess prodigy Gukesh Dommaraju has etched his name in history by becoming the youngest-ever World Chess Champion. This remarkable feat surpasses the previous record held by Garry Kasparov, who was 22 years old when he claimed the title in 1985. Gukesh's decisive victory over the defending champion, Ding Liren of China, in the 14-game match secured a final score of 7.5-6.5. This triumph solidifies India's position as a global chess powerhouse, following in the footsteps of legendary Indian Grandmaster Viswanathan Anand.
Gukesh's victory is a testament to his exceptional talent, unwavering dedication, and strategic brilliance. The final game of the World Chess Championship was a thrilling encounter that saw Gukesh seize a crucial opportunity, capitalizing on a decisive blunder by his opponent. This historic achievement makes Gukesh the 18th World Chess Champion and only the third Asian to claim the title. His journey to the pinnacle of the chess world has captivated the nation and inspired countless young chess enthusiasts.
Just like Indian chess prodigy Gukesh D, who continues to scale new heights in the world of chess, Zen Technologies Ltd has emerged as a champion in the stock market. This multibagger defence stock hit an all-time high of Rs 2,175.45 today, recording a 2.86 per cent surge even as equity indices like the NSE Nifty-50 and BSE Sensex grappled with bearish sentiments, falling over 1 per cent earlier in the session. Around 12:20 pm, the BSE Sensex and Nifty-50 indices rebounded, gaining 0.25 per cent and 0.20 per cent respectively with Bharati Airtel Ltd being the top gainer while Tata Steel Ltd being the the top loser.
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Zen Technologies, a Hyderabad-based company established in 1996, is a leading provider of cutting-edge defence training solutions and anti-drone systems. With over three decades of experience, Zen has built a stellar reputation in defence training and combat readiness measurement for security forces. Zen specializes in the Indigenous design, development and manufacture of sensor and simulator technology-based defence training and anti-drone systems. Serving the Ministry of Defence, security forces, police, and paramilitary forces, Zen has a dedicated R&D facility in Hyderabad, recognized by the Ministry of Science and Technology, Government of India. Zen has filed for over 150 patents and has shipped more than 1,000 training systems worldwide.
According to Quarterly Results, the net sales increased by 264 per cent to Rs 241.84 crore, the operating profit increased by 264 per cent to Rs 88.48 crore and the net profit increased by 365 per cent to Rs 63.44 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 150 per cent to Rs 496.46 crore, the operating profit increased by 112 per cent to Rs 202.94 crore and the net profit increased by 130 per cent to Rs 142.93 crore in H1FY25 compared to H1FY24. Looking at 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.
The company has a market cap of over Rs 17,000 crore with a 3-year stock price CAGR of 140 per cent. As of September 30, 2024, the total order book is Rs 956.74 crore. The stock gave multibagger returns of 216 per cent in just 1 year, 1,000 per cent returns in 2 years and a whopping 4,900 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.