Shares of Zen Technologies Ltd opened at the 5% lower circuit price of ₹1,449.60 on July 31, marking the fourth consecutive session of downward pressure following its Q1 results. The stock had been locked in lower circuit for the last three trading days, but today witnessed the first signs of buying interest, with intraday recovery to ₹1,487.40 and high trading volume of over 10.4 lakh shares.
Despite the recovery attempt, the stock closed the session 3.38% lower at ₹1,474.40, down ₹51.50 from the previous close of ₹1,525.90. The stock had fallen sharply after disappointing Q1 earnings, triggering successive lower circuit limits in prior sessions.
Zen Technologies has a 52-week low of ₹945.35 and a 52-week high of ₹2,627.00. Today’s intraday low matched the lower circuit limit, but the emergence of bids indicated a potential shift in near-term sentiment.
The average traded price for the day was ₹1,459.87, with a bid-ask spread of ₹1,476.10 / ₹1,476.80.
Disclaimer: The views expressed in this article are based on market data and do not constitute investment advice. Please consult your financial advisor before making any investment decisions.
