Stock Report

Zen Technologies Ltd receives order worth Rs. 93 crores

Posted On : 2024-02-21 15:38:40( TIMEZONE : IST )

Zen Technologies Ltd receives order worth Rs. 93 crores

Zen Technologies Limited, secures an order of ~ ₹93 Cr (inclusive of 18% GST) from Ministry of Defence, Govt of India. This is yet another order in the space of Tactical Training.

Commenting on the win Mr Ashok Atluri, CMD remarked "The focus on training has historically been on technical training comprising of virtual simulators and live range equipment. Such training, while useful isn't holistic and doesn't take into account the ingenuity of an adversary. Practicing one way and without an opponent would be just breaking wooden boards without fighting an actual adversary (as Bruce Lee, in the movie Enter the Dragon, famously said "Boards don't hit back". < ahref="" target=new> Now the inclusion of tactical, force-onforce training simulators in their training augurs well for the armed forces and makes them combat ready at the highest level. This order further confirms a well-balanced approach by the armed forces to both technical and tactical training."

Shares of Zen Technologies Limited was last trading in BSE at Rs. 816.55 as compared to the previous close of Rs. 805.90. The total number of shares traded during the day was 46233 in over 2407 trades.

The stock hit an intraday high of Rs. 835.65 and intraday low of 809.75. The net turnover during the day was Rs. 38029995.00.

Source : Equity Bulls


ZenTechnologies INE251B01027 Defence OrderWin