One positive news is enough to increase buying in the stock of any company. One such positive news has been received by drone maker Zen Technologies Limited. Due to this there has been a strong buying in the company’s stock and during the trading the price has crossed Rs 200.
What’s the news: Actually, Zen Technologies Limited has got a big order from the Indian Army. According to the information given to the stock market, the company will make Integrated Air Defense Combat Simulator for the army. This work has to be done within 30 weeks.
Sudden increase in stock buying: On Friday, the last trading day of the week, the stock price of Zen Technologies ran like a rocket. During trading, the share price rose by up to 5 percent as compared to a day earlier.
The share price on the BSE index is at the level of Rs 205. Talking about the market capital, it is Rs 1,625 crore. On December 15 last year, the share price of Zen Technologies had reached a level of Rs 257.70. However, after this there was a selloff in the company and it is still well below the 52-week level.