Mukul Agarwal’s recent multibagger pick: Net profit jumps multi-folds to Rs 47 crore; stock hits upper circuit!
The stock has witnessed significant buying activity surging more than 902 per cent in the last 3 years.
On Monday, In the morning trading session, both Sensex and Nifty witnessed a modest gain of 0.16 per cent each. As the trading day concluded, Sensex exhibited a higher closure, up by 0.35 per cent, and similarly Nifty also concluded on a positive note with a gain of 0.41 per cent.
Today, the shares of Zen Technologies Limited soared 9.99 per cent, the stock touches upper circuit at Rs 674.75 per share on BSE.
The heavy buying activity was primarily driven by the company's stellar financial results. Quarterly consolidated highlights:
In Q1FY24, the company’s total revenue surged by 257 per cent from last years same quarter to Rs 132.45 crore. The EBITDA level stood at Rs 71.59 crore, witnessing a growth of 452 per cent from Q1FY23.
The net profit of the company zoomed by 531 per cent from corresponding quarter last year to Rs 47.09 crore.
As of June 30, 2023, the company's total order book stood at Rs 542.84 Crore, comprising two main segments: AMC and Equipment.
The AMC segment accounted for Rs 169.98 Crore, while the Equipment segment held a larger portion of Rs 372.86 Crore. This collective order book indicates a diverse portfolio of business engagements and commitments that the company is set to fulfill.
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Company profile:
Zen Technologies Limited, established in 1996, specializes in crafting combat training solutions for defense and security forces. Committed to enhancing domestic capabilities, the company localizes technologies to benefit Indian armed forces, state police, and paramilitary units. Headquartered in Hyderabad, India, with offices in the USA, Zen Technologies showcases a global perspective, focusing on advanced training methods and state-of-the-art tools for effective armed forces preparation.
Ace investor Mukul Mahavir Agrawal owns 1.34 per cent stake in this company. The presence of such an influential investor instills shareholder confidence and reassurance, resembling a guiding force that contributes to the company's strength.
The stock has witnessed significant buying activity surging more than 902 per cent in the last 3 years.
Keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.