Zen Systems hits 52-7 days higher, zooms 30% in 3 days
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Shares of Zen Technologies rallied 12 for every cent to strike a 52-week high of Rs 107.75 on the BSE in intra-working day trade on Friday on the again of significant volumes. The inventory of the defence organization has zoomed 30 for every cent in the past three investing times.


At 09:41 am, it was investing 9 for every cent higher at Rs 104.70, as compared to a .38 for each cent decline in the S&P BSE Sensex. The buying and selling volumes on the counter jumped over 7-fold, with a merged .91 per cent of the complete fairness getting altered hands on the NSE and BSE so far.







Zen Systems is engaged in production land-dependent military coaching simulators, driving simulators, are living vary equipment and anti-drone devices. It also has its very own teaching platform to offer a real looking battle knowledge by integrating its complete variety of product offerings.


Anti-drone techniques, drones, and instruction options will continue to be the main organization of Zen Technologies and the organization has all the simulators required for the legacy machines employed by the Indian Army, it stated.


India’s defence industry is effectively-positioned to improve leaps and bounds at the backing of the aggressive policies that favour indigenous sourcing. The Ministry of Defence (MoD), by its a variety of strategies, has boosted this process and indigenisation is taking put at a ingredient, system, and subsystem stage.


Defence exports in the place witnessed solid growth in the last two several years. India targets to export military services machines worth US$ 5 billion (Rs 35,000 crore) in the future five yrs, Zen Technologies mentioned in the economical 12 months 2020-21 (FY21) annual report.


The enterprise expects its exports to speed up hereon, as the initiatives built in the previous couple of many years will at last render its impact. Aside from this, Zen Systems is driven to make further progress by focusing on substantial export chances within the Center East, CIS, and Africa. The corporation is dedicating a main group to go after enterprise chances in the United states and other pleasant nations around the world. It also appears to be to improve the AMC income stream, which is non-cyclical, the business said.

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