Shares of Zen Technologies dropped over 7% in early trading on December 3, following a block deal worth \u20b9386.1 crore. Approximately 21.4 lakh shares, equating to a 2.55% equity stake in the company, were traded at a price of \u20b91,800 per share. This price represents a 5.9% discount to the previous session’s closing price.<\/p>\n\n\n\n
By 10:45 AM, the stock recovered slightly, trading at \u20b91,826.1 per share, still down 4.5% on the NSE.<\/p>\n\n\n\n
Zen Technologies is a leading player in India’s growing defence sector, focusing strongly on in-house intellectual property and advanced technologies like anti-drone systems. The company holds over 75 patents and is well-positioned to benefit from India\u2019s defence production goals of \u20b93 lakh crore and exports worth \u20b950,000 crore by FY29.<\/p>\n\n\n\n
Brokerage firm Nuvama Institutional Equities has expressed optimism about Zen Technologies, setting a target price of \u20b92,200. The firm expects robust order inflows, a strong earnings growth trajectory, and a return on equity above 22% in the coming years.<\/p>\n\n\n\n
Zen Technologies shares have surged 136% over the past year, significantly outperforming the Nifty 50’s gain of around 17%.<\/p>\n\n\n\n
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a> Shares of Zen Technologies dropped over 7% in early trading on December 3, following a block deal worth \u20b9386.1 crore. Approximately 21.4 lakh shares, equating to a 2.55% equity stake in the company, were traded at a price of \u20b91,800 per share. This price represents a 5.9% discount to the previous session’s closing price. By […]<\/p>\n","protected":false},"author":1,"featured_media":5268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[759],"class_list":["post-5267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-zen-technologies"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5267"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5267\/revisions"}],"predecessor-version":[{"id":5269,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5267\/revisions\/5269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5268"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source: Moneycontrol<\/a><\/sup><\/sub><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"