Mukul Agrawal gains Rs 18,94,463 in just one day with Rs 1,487 crore order book; Company receives new order worth Rs 100 crore from Ministry of Defence!

The stock gave multibagger returns of 155 per cent in just 6 months whereas BSE small-cap index is up by 26.76 per cent.

Zen Technologies Limited is pleased to announce that it has been awarded an order valued at approximately Rs 100 crore (inclusive of taxes) by the Ministry of Defence, India, for its state-of-the-art Force-On-Force Tank training system. This innovative system empowers Tank Units and Sub-Units to engage in training on real terrains under authentic conditions using their equipment, without the necessity for live ammunition.

Zen has developed and tested a force-on-force tank training system that has been well-received by the Indian Army. The system is called ACTS and it can be integrated with the Zen Tactical Engagement Simulator to facilitate combined arms training. The Indian Armed Forces' acquisition of this equipment is a testament to their commitment to modernizing their training methods. Simulated training offers substantial cost and time savings, as well as significant efficiency gains.

As of September 30, 2023, the total order book to Rs 1,487 crore. Out of the total order book, equipment orders worth Rs 1,208 crores are slated for execution by March 31, 2025. As expected, the H2 started on a good note with order for training simulators worth Rs 84 crore received and likely to received more order from Ministry of Defence in the upcoming days.

The company reported amazing numbers in its Quarterly Results (Q2FY24) and half yearly results (H1FY24). An ace investor, Mukul Agarwal owns 57,758 shares or 1.34 per cent stake in Zen Technologies Ltd. As of Friday’s closing he made Rs 18,94,463 in just one day.

On Friday, shares of Zen Technologies Ltd hit 5 per cent upper circuit to Rs 744.30 per share. At the closing bell, shares of the company were trading as Rs 741.70 per share, up 32.80 points or 4.63 per cent with a spurt in volume by more than 3 times on BSE. The stock gave multibagger returns of 155 per cent in just 6 months whereas BSE Small-Cap index is up by 26.76 per cent. The company has a market cap of over Rs 6,234 crore.

The stock is up by 260 per cent in just 1 year, up by 885 per cent in 3 years and a whopping 9,960 per cent in 1 decade. Investors should keep an eye on this multibagger aerospace & defence stock.

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