Zen Technologies share price rose nearly 4 percent and extended the gains on second session on March 28 following the company received an order worth Rs 152 crore from Ministry of Defence, Government of India.
At 09:32am, Zen Technologies was quoting at Rs 1,522.50, up Rs 56.35, or 3.84 percent, on the BSE.
The order is for the supply of Zen’s state-of-the-art Integrated Air Defence Combat Simulator (IADCS) for the L70 Gun.
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On March 13, the company completed the investment and acquired a 45.33 percent stake in Bhairav Robotics, which has become an associate company.
Also earlier in this month, the company announced the grant of its third patent for the T-90 Tank Simulator – the Containerized Driving Simulator System (T-90 DS).
In the month of February, the company has invested USD 10 million in Zen Technologies USA, Inc.
Zen USA has allotted 71,42,857 shares of USD 1 each at a premium of USD 0.4 per share to the company.
The share touched a 52-week high of Rs 2,627.95 and a 52-week low of Rs 886.20 on 24 December, 2024 and 09 May, 2024, respectively.
Currently, the stock is trading 42.07 percent below its 52-week high and 71.8 percent above its 52-week low.
Market capitalisation stands at Rs 13,746.71 crore.
The share price increased by more than 62 percent in the last one-year.
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