This Aerospace & Defense company gets new order worth Rs 127 crore!

Shares of the company have gained about 50 per cent in last six months.

On March 24, 2023, Zen Technologies Limited informed in the exchange filing that the company has secured new orders worth Rs 127 crore. 

Commenting on the order win, Mr. Ashok Atluri – Chairman and Managing Director, said that Zen is confident that it is well-positioned to participate in and contribute to the country's growth and progress. The company believes that the next few years will be extremely positive and it anticipates the signing of several more significant contracts in the near future. 

Zen believes that it will play a significant supporting role in the government's prestigious Agnipath initiative and efforts to modernize training. The Government of India's actions show that it is walking the talk when it comes to supporting its stated objectives. The induction of simulators into the armed forces is an example of this. With the government's support, Zen is confident that it will continue to thrive and contribute to the country's progress”. 

On March 25, the stock opened at Rs 310.55, with a high and low of Rs 317.00 and Rs 296.05. The stock closed trading at Rs 301.60, down by 2.28 per cent over its previous close of Rs 308.65.   

The stock has a 52-week high of Rs 319.75 and a 52-week low of Rs 144.45. The company has a ROCE of 2.04 per cent and an ROE of 0.86 per cent, with a market capitalisation of Rs 2,398 crore.