Zen Technologies rallies on back of export order
Tanay Loya / 12 Oct 2017
Zen Technologies has signed its biggest export order till the date of about Rs. 64 crores.
Zen Technologies has signed its biggest export order till the date of about Rs. 64 crores. Zen Technologies has won the contract for live and virtual combat training systems against tough international competition.
The order is expected to be executed in the first half of the next financial year 2018-19.
The company designs, develops and manufactures training simulators. The company offers its products to police, paramilitary forces, armed forces, security forces, government departments such as transport, mining, infrastructure and civilian markets. Zen Technologies was incorporated in 1993.
At 10:10 am on Thursday, the stock of Zen Technologies was trading at Rs 64.35, up by Rs. 2.70 or 4.38 per cent from its previous closing price of Rs. 61.65 on BSE, while the Sensex was up 89.24 points, or 0.28 per cent , at 31,923. The scrip opened at Rs. 64.35 and touched a high and low of Rs. 69 and Rs. 63, respectively.
The current market capitalization of the company is Rs. 499.23 crore. The stock attracted a traded volume of 52,351 shares on the BSE on Thursday. The share touched its 52-week high Rs. 85.40 and 52-week low Rs. 46.45 on February 7, 2017 and September 28, 2017, respectively.
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