Multibagger in just 6 months: Small-cap aerospace & defence company receives order worth Rs 202 crore from Government of India!
he stock gave multibagger returns of 121 per cent in just 6 months whereas BSE small-cap index is up by 6 per cent.
Zen Technologies Limited, a leading provider of military training and anti-drone solutions, is pleased to announce a significant order win from the Ministry of Defence, Government of India valued at approximately Rs 202 crore. The company looks forward to securing additional sizeable contracts within the next quarter. This order win underscores Zen Technologies' steadfast commitment to delivering innovative solutions and driving transformative impact.
On Friday, shares of Zen Technologies Ltd plunged 1.55 per cent to Rs 425.60 per share with an intraday high of Rs 432.50 and an intraday low of Rs 417.05. The shares of the company saw a spurt in volume by more than 2 times on BSE. The shares of the company have a 52-week high of Rs 453.15 and a 52-week low of Rs 162.90.
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Zen Technologies Limited designs develop and manufacture combat training solutions for the training of defence and security forces. The net sales increased by 245.16 per cent and net profit skyrocketed by 354.20 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 213.75 per cent and net profit skyrocketed by 1,815.29 per cent in FY23 compared to FY22. The EPS for FY23 stood at Rs 5.38.
The stock gave multibagger returns of 121 per cent in just 6 months whereas BSE small-cap index is up by 6 per cent. Investors should keep an eye on this small-cap aerospace & defence stock.