Zen Technologies Hits Upper Circuit Limit Amid Market Resilience and Trading Activity
Zen Technologies Ltd, a mid-cap company in the Aerospace & Defense sector, saw significant trading activity today, reaching its upper circuit limit after a two-day decline. The stock demonstrated resilience by rebounding from an initial drop, with a total traded volume of approximately 10.16 lakh shares and a turnover of Rs 200.05 crore.
Zen Technologies Ltd, a mid-cap player in the Aerospace & Defense sector, has experienced significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 1999.2, reflecting a 5% increase from its previous close. This surge comes after a two-day decline, indicating a potential trend reversal. The stock opened lower, with a gap down of 3.89%, but quickly rebounded, showcasing resilience in a challenging market environment. Throughout the trading session, Zen Technologies recorded a total traded volume of approximately 10.16 lakh shares, resulting in a turnover of Rs 200.05 crore. The last traded price stood at Rs 1998.9, with a notable change of Rs 94.9, or 4.98%.
Despite a decline in delivery volume, which fell by 51.08% compared to the five-day average, the stock remains liquid enough for trades of Rs 3.4 crore based on 2% of the five-day average traded value. Overall, Zen Technologies has outperformed its sector by 4.7%, reflecting a strong performance amid fluctuating market conditions.
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