Midcap Defence Stock Hit 5% Upper Circuit On Securing Rs 227.65 Cr Order From MoD

Midcap Aerospace & Defence company Zen Technologies Limited on Friday hit 5% upper circuit after the company informed that it has received an order worth Rs 227.65 Crores (including GST) from the Ministry of Defence (MoD), Government of India.

According to the regulatory filing by the company, "Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (as amended from time to time) we wish to inform that the Company has received order worth of Rs. 227.65 crores including GST from Ministry of Defence, Govt. of India."

On Friday, Zen Technologies' stock locked in 5% upper circuit at Rs 728.05 apiece on the BSE. The stock declined 6.24% in1 week, and 13.99% in 1 month, respectively. It gave a multibagger return of136.96% in 6 months, and 250.11% in 1 year, respectively. It gave a strong return of 290.48% in 2 years, 863.67% in 3 years, and 843.68% in 5 years, respectively.

The stock's 52-week high is Rs 912.5 apiece and the 52-week low is Rs 175.50 apiece on the BSE. It has a market cap of Rs 6,043.62 Crore.

Incorporated in 1993, Zen Technologies Limited is an Aerospace & Defence sector midcap company. The company is engaged in designing, developing, and manufacturing state-of-the-art Combat Training Solutions for the training of Defence & Security Forces worldwide. The company is also a leader in providing Counter-Drone Solutions for safeguarding the borders, critical infrastructures, etc. Zen Technologies is headquartered in Hyderabad, India with offices in India, UAE, and USA.