Zen Technologies secures ₹2.89 bln in defense contracts
market hours1 source ↓written by the desknot a recommendation
- following the announcement
- 4% to ₹1,411.3
- Contracts valued
- $32.9 million
Zen Technologies has secured contracts worth ₹2.89 billion from the national defense ministry to enhance its anti-drone systems. The stock rose 4% to ₹1,411.3 following the announcement, with project completion expected within a year. This development may positively influence market sentiment for defense stocks.
• YTD decline of ~42%
• Contracts valued at $32.9 million
• Projects to be completed in one year
Not investment advice. For informational purposes only.