The Indian Post Online
Buisness

After obtaining an export order of Rs 42 crore, Zen Technologies shares rise by 5%

<p>As to current sources, there has been a notable increase in the stocks of Zen Technologies, which is India’s top defense training provider and anti-drone technology business. This increase came after the business secured a Rs 42 crore export agreement.</p>
<p>On Monday, November 20, 2023, the stock hit a high of Rs 5.758 on the NSE (National Stock Exchange), indicating a 5% rise at 2:15 pm.<img decoding=”async” class=”alignnone wp-image-284659″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-the-results-of-the-ayush-neet-ug-2023-special-stray-round-seat-allotment-are-out-t.png” alt=”theindiaprint.com the results of the ayush neet ug 2023 special stray round seat allotment are out t” width=”1521″ height=”1028″ title=”After obtaining an export order of Rs 42 crore, Zen Technologies shares rise by 5% 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-the-results-of-the-ayush-neet-ug-2023-special-stray-round-seat-allotment-are-out-t.png 626w, https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-the-results-of-the-ayush-neet-ug-2023-special-stray-round-seat-allotment-are-out-t-220×150.png 220w, https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-the-results-of-the-ayush-neet-ug-2023-special-stray-round-seat-allotment-are-out-t-150×101.png 150w” sizes=”(max-width: 1521px) 100vw, 1521px” /></p>
<p>This stock market boom follows the company’s acquisition of a sizeable export order for Rs 42 crore from a foreign country. Zen Technologies is seeing a rise in exports as a result of the government’s Defense Export Initiative.</p>
<p>In an exchange filing, the company said on November 18 that it was receiving an order for state-of-the-art simulators from a friendly country. This order is in line with the Indian government’s efforts to increase defense exports and is in line with the country’s goal of becoming a net defense exporter.</p>
<p>The shares of Zen Technologies have increased by 6.72% within the last month. This multibagger military stock has soared 128 per cent over the last six months, giving investors a noteworthy return of 305 per cent. The organization has seen an astounding 289 percent gain only one year. According to reports, the stock hit a 52-week high of Rs 911.40 and a low of Rs 175.15, respectively.</p>
<p>The company’s share price increased impressively to Rs 758.55 from Rs 194.90 a year earlier. Zen Technologies had a 99 percent increase in sales during the second quarter of current fiscal year, translating into a profit of Rs 66 crore. They had an 86% increase in operational earnings, which helped to drive a 78% increase in net profit overall.</p>
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