Zen Technologies Share: Shares of Zen Technologies Limited are in focus during trading today on Tuesday. In fact, the company has received an annual maintenance (AMC) contract of Rs 46 crore including 18 percent GST for the simulator from the Defense Ministry. This contract is for 5 years. Shares of Zen Technologies Limited today rose marginally to reach an intraday high of Rs 1730.
What did the company say?
“This contract strengthens Zain’s ongoing partnership with the Ministry of Defense and reflects the Ministry’s confidence in the company’s state-of-the-art defense solutions,” the company said in a regulatory filing. The agreement will help India’s defense forces through advanced simulator technology. highlights Jane’s ability to meet the operational needs of the According to the contract, “ZEN continues to be the leader in defense simulation, ensuring high standards of operational readiness and maintenance support for critical defense assets of the Ministry of Defence.” Let us tell you that Zen Technologies provides military training and anti-drone solutions. The company focuses on land-based military training simulators, driving simulators, live range equipment and anti-drone systems. The company, based in Hyderabad, has a R&D facility recognized by the Ministry of Science and Technology, Government of India. Jane has filed over 155 patents, of which over 75 are granted, and has provided over 1,000 training systems globally.
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Status of company’s shares
In the last session, shares of Zen Technologies closed at Rs 1,713 on the National Stock Exchange (NSE) with a slight gain. The stock has gained about 116 percent so far this year, which is much better than the Nifty’s return of 18 percent. The counter has gained almost 128 per cent in the last 12 months, compared to the Nifty which has gained 32 per cent during this period.
