Shares of Zen Technologies Limited were locked at the 5% upper circuit on Monday, trading at ₹1,476.70 on the NSE. The stock surged ₹70.30 from the previous close of ₹1,406.40 following the announcement of a ceasefire understanding between India and Pakistan.
The rally in Zen Technologies comes amid mixed performance in defence stocks, as investors recalibrated expectations following the de-escalation of tensions along the border. The broader Nifty India Defence Index was up just 0.3% during the session.
Zen Technologies was among the top gainers in the defence pack alongside Data Patterns, Cyient DLM, Mishra Dhatu Nigam, and Dynamatic Technologies, each rising 5-6%. Meanwhile, Paras Defence shares dropped 5%, and others like HAL, Astra Microwave, and Solar Industries also traded lower.
The volatility follows an intense week of military operations during which India conducted precision strikes under Operation Sindoor, killing over 100 terrorists and neutralizing over 50 Pakistani drones. With a ceasefire now in place, defence stocks are seeing selective profit booking and rotation.
Zen Technologies, known for its defence training and simulation systems, is perceived as a long-term beneficiary of modernization in defence infrastructure, which helped sustain investor confidence despite the easing geopolitical narrative.
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.
