Mukul Agrawal portfolio’s multibagger aerospace & defence stock with Rs 1,401.97 crore order book; PAT zooms over 150 per cent to Rs 129 crore!
The stock gave multibagger returns of 200 per cent in just 1 year, 1,200 per cent returns in 3 years and a whopping 10,000 per cent in a decade.
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 sudden rise in the stock price was due to the company announcing its Quarterly Results (Q4FY24) and annual results (FY24) for the financial year 2023 –2024. According to the quarterly results, the total increased by 50.3 per cent to Rs 144.05 crore and net profit increased by 60.8 per cent to Rs 37.59 crore in Q4FY24 over Q4FY23 while in its annual results, the total income increased by 101.1 per cent to Rs 454.77 crore and net profit increased by 159.2 per cent to Rs 129.05 crore in FY24 over FY23.
Also Read: From Rs 10.98 to Rs 608.10 per share in just 1 year: Heavy buying in this multibagger micro-cap stock; Hit back-to-back upper circuits & 52-week highs!
The company has a market cap of over Rs 7,900 crore with a 3-year stock price CAGR of 140 per cent. As of March 31, 2023, the total order book to Rs 1,401.97 crore. An ace investor, Mukul Agarwal owns a 1.19 per cent stake in Zen Technologies Ltd.
The shares of the company have a 52-week high of Rs 1,130 while its 52-week low is Rs 297. The stock gave multibagger returns of 200 per cent in just 1 year, 1,200 per cent returns in 3 years and a whopping 10,000 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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