This defence stock secured its first order in live simulation; likely to be in focus today

The equipment order is expected to be executed in the next three quarters. Its operation & maintenance is for four years

Zen Technologies ended Monday’s session with a loss of 3.30 per cent at Rs 205.15. The opening of the day turned out to be the highest point of the day while the stock made an intraday low of Rs 202.  

The stock is trading below its important short-term moving averages i.e., 20 and 50 DMA.  

Post market hours, the company announced that it has secured its first export order worth approximately Rs 35 crore in live simulation. The company has received this order from one of its important Middle East customers.  

The order includes live simulation equipment of Rs 19.7 crore and O&M of Rs 15.4 crore for 4 years. The equipment order is expected to be executed in the next three quarters. Its operation & maintenance is for four years. Zen Technologies emerged as the winner against tough competition from Europe and USA. 

Interestingly with this order, the total order book position stands at Rs 427.79 crore.  

Zen Technologies is a pioneer & leader in providing world class state-of-the-art defence training solutions, drones and anti- drones solutions. It also has a proven and impeccable track record in building training systems for imparting defence training and measuring combat readiness of security forces. The company is engaged in indigenous design, development and manufacture of sensors as well as simulators technology-based defence training systems and has relentlessly been providing defence training solutions and seamless services to Ministry of Defence (Armed Forces), Security Forces Police, Para-military forces and is privileged to have served the nation for over 2.5 decades.