Zen Technologies secures domestic order from the Jammu and Kashmir Police

The J&K Police has awarded Zen Technologies a contract worth ~ ₹5.28 crore to supply Zen ShootEdge® Systems (Corner Shot Weapon Systems).

Zen Technologies won the bid due to superior product quality and competitive pricing. This is Zen's first order for ShootEdge®. In line with Zen's goal to ensure incremental revenues from new products, this win validates Zen's continued focus on R&D. This version of ShootEdge® was developed in collaboration with DRDO. In addition to domestic demand, ShootEdge® also has a huge export potential.

As of date, the company's total order book stands at ₹ 432.88 Crores.

Shares of Zen Technologies Limited was last trading in BSE at Rs. 198.70 as compared to the previous close of Rs. 203.75. The total number of shares traded during the day was 21855 in over 1075 trades.

The stock hit an intraday high of Rs. 208.90 and intraday low of 197.80. The net turnover during the day was Rs. 4388532.00.

Source : Equity Bulls

Keywords

ZenTechnologies INE251B01027 OrderWin JandKPolice DomesticOrder CornerShotWeaponSystems