Zen Technologies surges on securing order from government customer for annual maintenance contract

09 Oct 2020 Evaluate

Zen Technologies is currently trading at Rs. 82.85, up by 1.55 points or 1.91% from its previous closing of Rs. 81.30 on the BSE.

The scrip opened at Rs. 80.30 and has touched a high and low of Rs. 84.50 and Rs. 80.30 respectively. So far 56101 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 97.00 on 19-Aug-2020 and a 52 week low of Rs. 22.40 on 31-Mar-2020.

Last one week high and low of the scrip stood at Rs. 84.50 and Rs. 80.30 respectively. The current market cap of the company is Rs. 644.83 crore.

The promoters holding in the company stood at 59.56%, while Institutions and Non-Institutions held 0.03% and 40.42% respectively.

Zen Technologies has received an order from a government customer for Annual Maintenance Contract for a period of 5 years for an approximate value of Rs 40 crore.On export front the Company recently received an order for supply of Zen's simulators to a West African army for about $1.4 million and the same has been partially executed.

Further the Company received order for supply of Zen's simulators to a Middle East country for about $ 700,000. The order is expected to be executed during Q3 of FY 2020-21.Both the export orders aggregate to Rs 15.56 crore (converted USD at the rate of Rs 73.28).

Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators. ZEN has been at the forefront of applying new technologies and developing new products and is actively involved in indigenization of technologies, which are helpful for Indian security forces.

Zen Technologies Share Price

955.05 18.10 (1.93%)
28-Mar-2024 16:01 View Price Chart
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