Shares of Zen Technologies in trade on Monday (November 20) hit a 5 per cent upper circuit at Rs 758.75 apiece as the company bagged a new export order.

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In a filing with the exchanges on Saturday, the company stated it received an export order valued at approximately Rs 42 crore (5.12 million USD). The order win reflects the company's growing influence and reputation on the global stage.

This order, comprising state-of-the-art simulators, is from a friendly nation and stands as a testament to the Indian government’s efforts to boost defence exports, aligning with the national objective of becoming a net defence exporter, according to the company’s regulatory filing.

The stock has gained a significant 333 per cent from its 52-week low price of Rs 175.

In the past 12 months, the stock has gained a whopping 284 per cent, while its six-month return is at 128 per cent.

The stock is trading at a low trailing twelve-month price to earnings of 69.3 which is lower than the industry average, signifying a relatively lower valuation.

Zen Technologies Q2 performance

In the September quarter, the company’s revenue almost doubled year-on-year to Rs 71.8 crore. Net profit at the company, however, trebled to Rs 15.3 crore as against Rs 5.6 crore logged in the same quarter last year.

About the company

Zen Technologies Limited is a renowned industry leader with over three decades of expertise in delivering cutting-edge military training and anti-drone solutions. The company specialises in manufacturing state-of-the-art land-based military training simulators, driving simulators, live range equipment, and anti-drone systems.