India Press Journal
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>
<p> </p>

Related posts

The government lowers the cost of dal so that consumers may now buy it for 60 rupees per kilogram

cradmin

Soon, Toyota’s Baby Land Cruiser Will Go Global Details inside

cradmin

FDs: Should I Invest? Check Out This Safe Alternative Offered By RBI For Greater Returns

cradmin