Stock Market : The Indian stock market experienced a swift rebound on Friday. As a result, both Nifty and Sensex ended with a significant increase. On Friday, the Sensex finished at 82133, up by 843 points, whereas the Nifty index ended at 24768, rising by 219 points. The market value of Zen Technology Company, a firm that manufactures anti-drones, stands at Rs 19574 crore. Zen Technologies Limited. The company’s shares are quite well-known among investors. Indeed, if you compile a list of multibagger defense stocks yielding the best returns in 2024, you will also see Zen Technology featured among them.
Stock price has increased by 13%
Zen Technology’s stock has provided a return of 198 percent over the past year. The stock price has surged by 110 percent over the past 6 months. This increase is persisting this week too. We’d like to inform you that the stock price has increased by 13 percent this week, and it is anticipated that the stock price will keep going up in the future. Motilal Oswal Financial Services brokerage has issued a buy recommendation for Zen Technology Company’s shares, setting a target price of Rs 2400 per share. On Friday, this stock finished at the price of 2167. Brokerage Motilal Oswal predicts that Zen Technology Company will maintain its growth in the coming years. The company’s expansion will persist for several reasons, as the order intake growth stands at 31 percent, attributed to a robust pipeline in sectors such as simulators and entry drones. The Ebitda margin of the company might be recorded at 38 percent for FY 2025, FY 2026, and FY 2027.
Zen Technology Company
Examining the balance sheet of Zen Technology Company reveals that the consolidated total income for the company was reported at Rs 250 crore in the recently disclosed September quarter of the financial year 2025. Simultaneously, the company’s net profit after tax payments stood at Rs 63.44 crore for the September quarter.
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