Zen Technologies Faces Increased Trading Activity Amid Ongoing Market Struggles

Zen Technologies Ltd, a mid-cap player in the Aerospace & Defense sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 1,525.9, reflecting a decline of Rs 80.3 or 5.0% from the previous close. The stock opened with a gap down of 5% and reached an intraday low of Rs 1,449.6.
Throughout the trading session, Zen Technologies saw a total traded volume of approximately 1.19 lakh shares, resulting in a turnover of around Rs 18.20 crore. The stock has been on a downward trend, underperforming its sector by 2.34% and recording a consecutive fall over the last six days, with a total decline of 22.16% during this period.

Notably, Zen Technologies is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the challenges, the stock remains liquid enough for trading, with delivery volume showing a rise of 24.1% against the 5-day average. Overall, the performance today underscores the ongoing struggles faced by Zen Technologies in the current market environment.