Rs 1,400 Crore Order Book: Multibagger Defence Drone Company Introduces AI-powered Robots; Unveils Four Products for the Global Defence Market
The stock gave multibagger returns of 130 per cent in just 1 year, 1,325 per cent returns in 3 years and a whopping 11,250 per cent in a decade.
Today, shares of Zen Technologies Limited plunged 0.15 per cent to Rs 1,360 per share from its previous closing of Rs 1,3,62 with an intraday high of Rs 1,411.35 and an intraday low of Rs 1,341.
Zen Technologies, India’s leading anti-drone technology and defence training solutions provider, in collaboration with its subsidiary AI Turing Technologies based in Pune, launched four new products. These IP-owned innovations – Hawkeye, Barbarik-URCWS (Ultralight Remote Control Weapon Station), Prahasta, and Sthir Stab 640 – cater to a wide range of defence requirements, empowering forces with unmatched tactical superiority and enhanced operational efficiency.
- Hawkeye epitomizes a state-of-the-art anti-drone system camera, featuring multiple sensor detection modules for all-weather drone tracking up to 15 km. It ensures continuous threat detection and enhanced security.
- Barbarik – URCWS is the world's lightest remote-controlled weapon station, offering precise targeting capabilities (5.56mm to 7.62mm calibres) for ground vehicles and naval vessels, maximizing battlefield effectiveness while minimizing personnel risk. The URCWS has undergone recent firing trials at Infantry School Mhow and Armoured School Ahmednagar and performed well.
- Prahasta is a revolutionary automated quadruped that uses LIDAR and reinforcement learning to understand and create real-time 3D terrain mapping for unparalleled mission planning, navigation, and threat assessment. The quadruped can be armed with various calibre weapons such as 9mm, 5.56mm, and 7.62mm. The quadruped can be used as the first line of defence for commandos during CI operations like 26/11, thereby saving lives.
- Sthir Stab 640 is a rugged stabilized sight designed mainly for armoured vehicles, ICVs, and boats. The sight encompasses an intelligent fibre optic gyro-stabilized system and delivers exceptional situational awareness with automatic search and tracking capabilities. The sight can be used in different weapon mounts such as 7.62mm, 12.7mm, 20mm, and 30mm.
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Zen Technologies Limited was incorporated in 1996. The company designs, develops and manufactures combat training solutions and counter-drone solutions for 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, UAE, and the USA.
The company has a market cap of over Rs 11,000 crore with a 3-year stock price CAGR of 140 per cent. As of March 31, 2023, the total order book is over Rs 1,400 crore. An ace investor, Mukul Agarwal owns 10,00,765 shares or a 1.19 per cent stake in Zen Technologies Ltd as of March 2024. The stock gave multibagger returns of 130 per cent in just 1 year, 1,325 per cent returns in 3 years and a whopping 11,250 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.
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