Shares of Zen Technologies Ltd are in information right this moment after the agency mentioned the defence ministry has awarded an order valued at roughly Rs 100 crore for its state-of- the-art Force-On-Force Tank coaching system. The modern system empowers tank models and sub-units to have interaction in coaching on actual terrains below genuine circumstances utilizing their gear, with out the need for dwell ammunition.
Zen Technologies inventory opened flat at Rs 675.15 in early offers right this moment towards the earlier shut of Rs 675.15 on BSE. Later, it touched a excessive of Rs 684.95.
Total 1439 shares of the agency modified fingers amounting to turnover of Rs 9.77 lakh. Market cap of the agency rose to Rs 5715 crore on BSE. The inventory is neither oversold nor overbought on technical charts with its relative energy index (RSI) at 33. It has low volatility of 0.9 in a 12 months.
Zen Technologies shares are buying and selling decrease than 5 day, 10 day, 20 day, 30 day, 50 day however larger than 100 day, 150 day and 200 day shifting averages. The inventory has gained 230% in a single 12 months and risen 261% because the starting of this 12 months. The share hit a 52-week excessive of Rs 912.55 on August 17, 2023 and a 52-week low of Rs 175.50 on December 23, 2022.
“The system has been designed, developed, and examined in-house by Zen. Following complete trials, the Army recognised its immense suitability for his or her coaching wants. As this marks our inaugural order for the force-on-force tank coaching simulators, we anticipate a sturdy demand for this product in each home and worldwide markets within the forthcoming interval,” mentioned the agency in a communication to BSE.
Zen Technologies designs, develops and manufactures state-of-the-art fight coaching options for the coaching of defence and safety forces worldwide. The agency’s headquarters are situated in Hyderabad with workplaces in India and USA. Zen Technologies manufactures over 40 totally different Live Fire, Live Instrumented, Virtual and Constructive coaching programs to assist individual and collective coaching capabilities.
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