Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; with Rs 542.84 crore order book!

Shares of the company have gained more than 200 per cent in the last six months.

Shares of Zen Technologies Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. The stock has gained about 250 per cent in the last six months. The stock was one of the Top Gainers in the BSE S&P BSE SmallCap Index.

The company posted impressive Quarterly Results in Q1FY24. The revenue of the company stood at Rs 132.45 crore which grew by 257.3 per cent YoY. The operating profit of the company stood at Rs 71.59 crore, while the PAT of the company stood at Rs 48.44 crore, representing an impressive growth of 589.33 per cent YoY. The company has an order book of Rs 542.84 crore.

In FY23, on a standalone basis, the revenue of the company grew by 200.58 per cent which stood at Rs 161.44 crore. While the PAT of the company grew by 1763.37 per cent staying at Rs 37.64 crore.

Zen Technologies Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 185.90 on August 10, 2022, to Rs 742.30 on August 08, 2023, an increase of about 296 per cent in one year holding period.

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.

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

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