Zen Technologies Share: There are many such stocks in the stock market, which have given multibagger returns to their investors in a short period of time. One such stock is that of Zen Technologies, which has made its investors rich by giving tremendous returns.
During the trading session on Friday, shares of Zen Technologies rose by 3.8 percent on BSE to reach the day’s high of Rs 1427.95, which is higher than its previous closing price of Rs 1375.10 per share. There is a special reason for this rise in the shares of the company and that is the order of Rs 120 crore received from the Ministry of Defence. The order includes the delivery of a Comprehensive Training Node (CTN), which includes an integrated set of training simulators and associated equipment. The company said that this contract is going to be completed within a year.
given in 5 years 1683 percent return
Earlier on November 25, the company had received another big order from the Defense Ministry. Under this, a contract worth Rs 108 crore was included for Tank Crew Gunnery Training Simulator. This stock has given multibagger returns to its investors in the last five years. It has given an excellent multibagger return of 1683 percent to its investors.
stock passing resistance
However, despite long-term gains, technical indicators show that the stock is currently passing through some resistance. According to Trendline data, the stock is trading below its 50-day simple moving average (SMA) of Rs 1,409 and its 200-day SMA of Rs 1,540.4. The Relative Strength Index (RSI) is at 44.5, while the Money Flow Index (MFI) is at 54, which shows that both the momentum indicators are currently in the mid-range.
What does the company do?
Zen Technologies is involved in the business of manufacturing drones, which has developed many advanced drone systems. Many products made by the company like drone detection and neutralization system are quite popular among the country’s army and other security agencies. In today’s era, where many modern techniques are being used for war, these are very important from the security scenario point of view. The company also provides simulator based training solutions, which make combat training more effective for military and paramilitary forces.
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