Zen Technologies shares hit 52-week high on major order win

Jul 11 2023 12:33 PM IST
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Zen Technologies share price touched a 52-week high of Rs 488.40, gaining 15 percent intraday on July 11. The order is valued at approximately Rs 340 crore (~ 41.5 million USD). The contract comes under the government's Indigenous Design and Development (IDDM) initiative.
Zen Technologies shares hit 52-week high on major order win

Zen Technologies share price touched a 52-week high of Rs 488.40, gaining 15 percent intraday on July 11 as company won an order in the export markets.Zen Technologies announced a significant order win in the export markets. The order is valued at approximately Rs 340 crore (~ 41.5 million USD).The contract comes under the government’s Indigenous Design and Development (IDDM) initiative, which requires Indian IP and over 60% indigenous content.Zen, with three decades of IP-based Design & Development (D&D) experience, stands poised to benefit from such initiatives.At 12:15 pm, Zen Technologies was quoting at Rs 483.75, up Rs 58.85, or 13.85 percent on the BSE.The share price rose 148 percent in last 6 months and 178 percent in last one year.

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