In the previous three years, shares of multibagger Zen Technologies Ltd have risen 1,629%. The defense stock, which ended at Rs 100.35 on August 27, 2021, was trading at Rs 1735.65 on July 29, 2024 on the BSE. A three-year-old investment of Rs 1 lakh in Zen Technologies shares would now be worth Rs 17.35 lakh. In comparison, the Sensex has grown 46.11 percent during the same period. Zen Technologies' shares began down at Rs 1814.95 on the BSE. It got stalled in the lower 5% circuit at Rs 1735.65 in the afternoon session today. The stock reached a 52-week low of Rs 650 on October 26, 2023, and a high of Rs 1969.85 on August 27, 2024.
In Thursday's session, 0.63 lakh shares of the business changed hands, totaling Rs 10.98 crore in turnover. The firm's market capitalization fell to Rs 15,671 crore on the BSE.
For the quarter ending June 2024, 12 promoters controlled 51.26 percent of the company, while 2.19 lakh public stockholders had 48.26 percent. Of these, 212476 resident people owned 2.5 crore shares, or 27.71 percent, with a capital of up to Rs 2 lakh. For the period ending June 2024, just two resident people had capital greater than Rs 2 lakh, accounting for 0.59% or 5.32 lakh shares.
In terms of technicals, Zen Technologies' relative strength index (RSI) is at 66.4, indicating that it is neither overbought nor oversold. Zen Technologies' stock has a one-year beta of 0.8, showing relatively low volatility during the time. Zen Technologies' stock is trading above the 20-day, 50-day, 100-day, and 200-day moving averages, but below the 5-day and 10-day moving averages.
The business recently announced that it has successfully funded Rs 1,000 crore through its first-ever Qualified Institutional Placement. The QIP was begun on August 21, 2024, and ended on August 23, 2024.
Zen Technologies Limited creates, develops, and produces defense training systems using sensors and simulator technologies. The company's product categories include land-based military training simulators, driving simulators, live range equipment, and anti-drone systems. The firm also offers a training platform in Hyderabad, which integrates its whole product line. Its Anti-Drone technology (ZADS) technology detects, classifies, and tracks drones via passive surveillance, video sensors, and threat neutralization via drone communication jamming.
