Zentec Ltd up by 19.99 percent | Espresso

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Espresso Shot of the Day - Zentec Ltd up by 19.99 percent

July 12, 2023
Espresso Shot of the Day - Zentec Ltd up by 19.99 percent

ZEN TECHNOLOGIES LTD. 577.10 (+19.99%) BSE – INE251B01027| 12th July 2023

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Incorporated in 1993, Zen Technologies Limited designs, develops and manufactures state-of-the-art Combat Training Solutions for the training of Defence & Security Forces worldwide and is a leader in providing Counter-Drone Solutions for safeguarding the borders, critical infrastructures etc. Zen Technologies is headquartered in Hyderabad, India with offices in India, UAE and USA. Zen Technologies has a portfolio of over 40 products designed and developed indigenously ranging from Live Fire, Live Instrumented, Virtual and Constructive training systems for individual and collective training and Counter Drone Solutions. With over 1,000 simulators and training systems shipped around the world, Zen Technologies is a proven leader in building training systems for developing and measuring Combat Readiness. Zen Technologies is built on strong R&D capabilities and has filed or received over 125 patents. Zen Technologies Limited is an ISO 9001:2015 (QMS), ISO/IEC 27001:2013 (ISMS) and CMMI Maturity Level 5 Company.
 

Recent Drivers

  • On July 7 morning after the developer of defense training and weapon simulators- Zen Tech bagged a Rs 160 crore order from the government, the second such contract in the last four months. The deal is part of the government's Indigenous Design and Development (IDDM) plan, which calls for Indian intellectual property and more than 60 percent home-made content, said the company in a regulatory filing.
  • On June 8th, Zen Technologies has won order worth of Rs 202 from the Ministry of Defense and foresees more orders in the near future.
  • On May 25th, the board approved the allotment of 40,64,627 Zen Technologies shares to holders of CCDs belonging to 'public category' including seasoned investor Mukul Mahavir Agrawal (11,26,765 shares) and Massachusetts Institute of Technology (1,63,660 shares).
  • On May 9th, 2023, Sales at Rs 74.14 crore in March 2023 up 364.41% from Rs. 15.97 crore in March 2022.
  • On May 9th, 2023, Quarterly Net Profit at Rs. 17.27 crore in March 2023 up 1133.64% from Rs. 1.40 crore in March 2022.
(Sources: business standard, Exchange, Money control)­

Technical Force*

  • S&P Smallcap month till date gain by 2.76%.
  • 3 months avg. BSE volume: 129,603
  • Traded on new 52 Week High value 577.10
  • Spurt in Volume by more than 7.76 times
  • Quantity traded: 9,07,226| Deliverable quantity: 2,44,316 (26.93%).
  • Stock price jumped by more than 245 % from a one-year low level: 167.05 (July 15, 2022)
  • Daily RSI (14) is in oversold territory today.
  • 52-week-high: 577.10| 52-week-low: 167.05

Key Pivot (Yearly)

R4

R3

R2

R1

PP/FIB PP

S1

S2

S3

S4

Pivot Point

-

324.60

280.60

232.45

188.45

140.30

96.30

48.15

-

Fibonacci Pivot

280.60

245.40

223.65

209.64

188.45

167.26

153.25

131.50

96.30

 

Today’s Close

577.10

SMA

BSE

10 DAY

441.68

20 DAY

425.14

50 DAY

380.79

200 DAY

265.55


Some Key Ratios (Source: BSE)

Market Cap:  1,927.18 Crores

PE: 107.40

OPM%: 35.74

ROE%:  11.79

Promoters holding%: 57.45

Prev. Close:  480.95


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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.