Zen Technologies Share Price Hits Upper Circuit For Seventh Straight Session

Zen Technologies Ltd.'s share price hit the upper circuit for the seventh consecutive trading session as it surged another 5% on Monday. The most recent surge comes on the back of strong Q4 results that the company posted on Sunday.

The stock has surged 34% in the last seven trading sessions, throughout which it stayed on a 5% upper circuit.

The company reported a revenue of Rs 325 crore, an increase from Rs 141 crore in the same quarter last year. Its Ebitda rose to Rs 138 crore, up from Rs 50.4 crore, indicating strong operational efficiency.

Moreover, Ebitda margin improved to 42.5%, compared to 35.7% in the previous year. The company's net profit for the quarter stood at Rs 101 crore, a significant jump from Rs 35 crore.

Zen Technologies, founded in 1993 and headquartered in Hyderabad, specialises in designing, developing, and manufacturing advanced training simulators for defence and security forces.

The company offers a wide range of products, including weapon simulators, driving training simulators, and counter-drone solutions.

The scrip rose as much as 5% to Rs 1,884.50 apiece. It pared gains to trade at the same level as of 09:33 a.m. This compares to a flat NSE Nifty 50 Index.

It has risen 95% in the last 12 months. Total traded volume so far in the day stood at 0.5 times its 30-day average. The relative strength index was at 79.

Five analysts are tracking the company, and they all maintain a 'buy' rating for the stock, according to Bloomberg data. The average 12-month consensus price target implies a downside of 8.1% from Friday's close.