Shares of Zen Technologies surged over 4% on Friday, March 28, to trade at ₹1,517.35, gaining ₹60.15 from the previous close of ₹1,457.20. The stock touched an intraday high of ₹1,521.85 and a low of ₹1,482.00 during early trade.
The rally came after the company announced that it has received a significant order worth ₹152 crore from the Ministry of Defence, Government of India. The order is for the supply of Zen’s Integrated Air Defence Combat Simulator (IADCS) for the L70 Gun — one of the company’s state-of-the-art training systems.
Zen Technologies has been active on the strategic front. Earlier this month, it completed an investment in Bhairav Robotics, acquiring a 45.33% stake, making it an associate company. Additionally, Zen received its third patent for the T-90 Tank Simulator – the Containerized Driving Simulator System (T-90 DS).
In February 2025, the company invested USD 10 million in its wholly-owned subsidiary Zen Technologies USA, Inc. The US entity allotted 71,42,857 shares of USD 1 each at a premium of USD 0.4 per share.
Zen Technologies currently has a market cap of ₹136.37 billion, with a P/E ratio of 60.89 and dividend yield of 0.07%.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
