Shares of the company gained more than 45 per cent in the last six months.

Looking at the broader market sentiment, approximately 1167 stocks advanced while 622 stocks declined. This equilibrium pointed towards a cautious yet optimistic sentiment prevailing in the broader market landscape.

According to the quarterly results, the net sales increased by 3,110 times to Rs 93.31 crore and net profit skyrocketed 9,500 per cent to Rs 0.94 crore in Q1FY24 compared to Q1FY23.

Earlier, the company announced its stellar quarterly results ended June 30, 2023. The net sales increased by 33.41 per cent to Rs 555 crore, the operating profit increased by 71.43 per cent to Rs 60 crore and the net profit skyrocketed 1,700 per cent to Rs 16 crore in Q1FY24 compared to Q1FY23.

At the closing bell, shares of the company were trading at Rs 613.95 per share, up 3.10 per cent.

According to the annual results, net sales increased by 300 per cent to Rs 27 crore, operating profit increased by 233 per cent to Rs 4 crore and net profit increased by 900 per cent to Rs 24 crore in FY23 compared to FY22. In the previous financial year 22-23, the company announced a dividend of Rs 2 per share having a face value of Rs 10 each.

Earlier, the company announced quarterly results ended June 30, 2023, wherein the net sales decreased by 35.90 per cent to Rs 11.32 crore, the operating profit increased by 89 per cent to Rs 2.57 crore and the net profit increased by 98 per cent to Rs 0.89 crore in Q1FY24 over Q1FY23.

According to the consolidated annual results, the company reported net sales of Rs 65.99 crore, operating profit of Rs 3.40 crore, PBT of Rs 2.90 and PAT of Rs 2.17 crore in FY23. The company's share capital was split from 10 shares with a face value of Rs 10 each to 10 shares with a face value of Rs 1 each. The stock split took effect on April 25, 2023.

Previously, the company received multiple orders worth Rs 702 crore from domestic and international clients. In Q1FY24 ended June 2023, Mukul Agarwal, an ace investor brought 57,758 shares or 1.34 per cent stake in Zen Technologies

On Thursday, shares of the company surged by 5 per cent and reached its upper circuit limit of Rs 358.90 and traded on its new 52-week high of Rs 358.90.