Published : 17 July 2023
By : Sachin Gupta
In the past three years, shares of multi bagger Zen Technologies Ltd. have increased by nearly 900%. On the BSE, the defence stock, which had a closing price of Rs 59.35 on July 14, 2020, ended the day at Rs 590.15 on July 14, 2023.
Zen Technologies Limited creates defence training systems based on sensors and simulators. The company's product line includes anti-drone systems, driving simulators, live range equipment, and land-based military training simulators.
In the Friday session, 1.04 lakh shares of the company were traded for a total value of Rs 6.14 crore. The company's market value increased to Rs. 4692.28 crore on the BSE.
12 promoters owned 57.45 percent of the company, while 1.12 lakh public shareholders owned 41.97 percent. Of these, 109885 residents held 2.27 crore shares, or 27.09% of the total, with up to Rs. 2 lakh in capital.
Technically speaking, Zen Technologies' relative strength index (RSI) is 87.1, indicating that the stock is currently trading in the overbought area. With a one-year beta of 0.8, Zen Technologies stock exhibits very little volatility. Shares of Zen Technologies are trading above their respective moving averages of 5 10, 20, 50, 100, and 200 days.