900 per cent returns: This multibagger aerospace and defence company bags new order worth Rs 72.29 crore!
Shares of the company have gained more than 200 per cent in the last six months.
Zen Technologies Limited informed in the exchange filing that the company had bagged a new order from the Ministry of Defence, Government of India valued at Rs 72.29 crores. The company posted impressive Quarterly Results in Q1FY24. The revenue of the company stood at Rs 132.45 crore which grew by 257.3 per cent YoY. The operating profit of the company stood at Rs 71.59 crore, while the PAT of the company stood at Rs 48.44 crore, representing an impressive growth of 589.33 per cent YoY. The company has an order book of Rs 542.84 crore.
Zen Technologies Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 208.25 on September 01, 2022, to Rs 842.00 on September 01, 2023, an increase of about 300 per cent in one year holding period. While in the last five years, the stock has gained more than 900 per cent.
Zen Technologies Limited develops and manufactures combat training solutions for the training of 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.
The stock has shown tremendous growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.