Zen Technologies zooms on bagging order worth Rs 340 crore

Zen Technologies Ltd. | IT - Software | IT & ITES | BSE: 533339 | NSE: ZENTEC

11 Jul 2023 Evaluate

Zen Technologies is currently trading at Rs. 484.50, up by 59.60 points or 14.03% from its previous closing of Rs. 424.90 on the BSE.

The scrip opened at Rs. 427.90 and has touched a high and low of Rs. 488.40 and Rs. 426.00 respectively. So far 262506 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 488.40 on 11-July-2023 and a 52 week low of Rs. 167.05 on 15-Jul-2022.

Last one week high and low of the scrip stood at Rs. 488.40 and Rs. 411.05 respectively. The current market cap of the company is Rs. 4024.04 crore.

The promoters holding in the company stood at 60.14%, while Institutions and Non-Institutions held 1.44% and 38.43% respectively.

Zen Technologies has won order in the export markets. The order is valued at around Rs 340 crore (around $41.5 million). The company also foresees more orders in near future.

Earlier, the company had won order from the Government of India valued at around Rs 160 crore. The contract comes under the government's Indigenous Design and Development (IDDM) initiative, which requires Indian IP and over 60% indigenous content.

Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators.