Promoters sold 20,00,000 shares & DII bought 11,11,111 shares: Multibagger defence drone stock with Rs 956.74 crore order book; Keep under radar

The stock gave multibagger returns of 140 per cent in just 1 year, 3,010 per cent returns in 5 years and a whopping 3,900 per cent in a decade.

On Wednesday, shares of Zen Technologies Limited surged 1.90 per cent to Rs 1,837.60 per share from its previous closing of Rs 1,803.25 per share with an intraday high of Rs 1,858 per share and an intraday low of Rs 1,812.25 per share. The stock’s 52-week high is Rs 1,998.80 per share and its 52-week low is Rs 687.70 per share.

In a bulk deal, the promoters of the company (Kishore Dutt Atluri & Ashok Atluri) sold 20,00,000 shares aggregating at Rs 3,60,11,70,000 while a DII - Motilal Oswal Mutual Fund bought 11,11,111 shares aggregating at Rs 1,99,99,99,800.

Zen Technologies is a leader in state-of-the-art defence training solutions and anti-drone systems. With over three decades of experience, Zen has built a stellar reputation in defence training and combat readiness measurement for security forces. Zen specializes in the Indigenous design, development and manufacture of sensor and simulator technology-based defence training and anti-drone systems. Serving the Ministry of Defence, security forces, police, and paramilitary forces, Zen has a dedicated R&D facility in Hyderabad, recognized by the Ministry of Science and Technology, Government of India. Zen has filed for over 150 patents and has shipped more than 1,000 training systems worldwide.

According to Quarterly Results, the net sales increased by 264 per cent to Rs 241.84 crore, the operating profit increased by 264 per cent to Rs 88.48 crore and the net profit increased by 365 per cent to Rs 63.44 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 150 per cent to Rs 496.46 crore, the operating profit increased by 112 per cent to Rs 202.94 crore and the net profit increased by 130 per cent to Rs 142.93 crore in H1FY25 compared to H1FY24. Looking at its annual results, net sales increased by 101 per cent to Rs 439.85 crore and net profit increased by 159.2 per cent to Rs 129.05 crore in FY24 over FY23.

The company has a market cap of over Rs 16,000 crore with a 3-year stock price CAGR of 140 per cent. As of September 30, 2024, the total order book is Rs 956.74 crore. The stock gave multibagger returns of 140 per cent in just 1 year, 3,010 per cent returns in 5 years and a whopping 3,900 per cent in a decade. Investors should keep an eye on this multibagger aerospace & defence stock.

Disclaimer: The article is for informational purposes only and not investment advice.