208% Surge In 6-Months: Small Cap IT Stock Bags Orders Worth Rs 500 Cr, Shares Rally

Zen Technologies shares witnessed a sharp rally of 37% in just 1-week and 41% in last 2-weeks. The small cap IT Software company, a leading provider of military training and anti-drone solutions, won two orders in last 9 days. It secured a major order from government of India worth Rs 160 crore on July 7, 2023 and again it bagged an order of about Rs 340 crore from abroad. Zen Technologies shares offered multibagger returns to investors in last 6-months only. Check details below:

Zen Technologies Bags Order From Govt of India: As per the regulatory filing of Zen Technologies, "Zen Technologies Limited, a leading provider of military training and antidrone solutions, is pleased to announce a significant order win from the Government of India valued at approximately ₹ 160 crores. The contract comes under the Government's Indigenous Design and Development (IDDM) initiative, which requires Indian IP and over 60% indigenous content. Zen, with three decades of IP-based Design & Development (D&D) experience, stands poised to benefit from such initiatives."

Zen Technologies Wins Order Worth Rs 340 Crore: According to the BSE filing of Zen Technologies, "Zen Technologies Limited, a leading provider of military training and antidrone solutions, is pleased to announce a significant order win in the export markets. The order is valued at approximately ₹ 340 crores (~ 41.5 million USD)."

Zen Technologies Stock Performance & Return: Last trading price of Zen Technologies share is Rs 590.15 apiece with marginal intraday gain of 0.22%. Its 52-week high price is Rs 654.00 per share and 52-week low price is Rs 167.05 per share, respectively. The small cap company has a market capitalisation of Rs 4692.28 crore.
Zen Technologies shares offered 90% return in last 3-months, 208% return in last 6-months, 246% return in last 1-year, and 520% return in last 2-years. In last 3-years, Zen Technologies stock surged 894%.

About: Zen Technologies Limited is a renowned industry leader with over three decades of expertise in delivering cutting-edge Military Training and Anti-Drone solutions. The company specializes in manufacturing state-of-the-art land-based military training simulators, driving simulators, live range equipment, and anti-drone systems. With a dedicated Research and Development (R&D) facility in Hyderabad, recognized by the Ministry of Science and Technology, Government of India, Zen Technologies has demonstrated its commitment to innovation.

Disclaimer: The stock bagged two orders recently. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.