Zen Technologies Share Price Hits Life High As Nuvama Positive On Strategic Market Expansion
Notably, Zen Technologies' share price breached the target price set by Nuvama, as it was trading at Rs 2,033 in early market hours.
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Zen Technologies Ltd.'s share price hit lifetime high after Nuvama maintained a 'buy' rating on the stock, with a target price of Rs 2,000, an upside of 16%. Notably the share price breached the target price set by Nuvama, as it was trading at Rs 2,033 in early market hours.
The brokerage noted that Zen Technologies has entered into a Memorandum of Understanding with Florida-based AVT Simulation, a provider of air simulation systems, to tap into the US defence market.
This strategic partnership, announced at the National Training & Simulation Association’s Interservice/Industry Training, Simulation and Education Conference, positions Zen Technologies to broaden its serviceable market, particularly in the simulation training and anti-drone segments. As part of the collaboration, ZTL will also provide Unmanned Aircraft Systems technology to AVT.
The partnership is seen as a positive step for Zen Technologies, known for its critical defence simulators and next-gen anti-drone systems. This move should strengthen ZTL’s foothold in the growing defence sector, with the US being a key market for defence exports from India. However, the full scope of the partnership, including its financial implications, is yet to be disclosed, the firm noted.
Zen Technologies, which holds over 75 patents for its in-house designs, continues to benefit from India’s increasing defence budget, set at $75 billion for financial year 2025. Despite a slow start to the year in terms of orders, analysts remain optimistic about the company’s growth prospects, with a focus on accelerating order inflows in the second half of financial year 2025.
Zen Technologies Share Price
Share price of Zen Technologies rose as much as 7.74% to Rs 2,033 apiece. It pared gains to trade 5.85% higher at Rs 1,997 apiece, as of 09:42 a.m. This compares to a flat NSE Nifty 50.
The stock has risen 166.80% in the last 12 months. Total traded volume so far in the day stood at 2.9 times its 30-day average. The relative strength index was at 65.
All three analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 16.8%.
