The shares in Zen Technologies(NSE: ZENTEC), a leading company in the defence technology and anti-drone sector, have seen an enormous increase in the past several years.
Share of Zen Technologies has climbed more than 6500 percent in the last 4 and a half years.
The share of the company associated with the defense industry has increased from Rs 25 to Rs 1600 during this period.
Market experts say that the company’s share can see a tremendous rise. The company’s share can rise further by up to 70 percent.
Bullish Target Of Rs 2818 With Buy Rating
According to a top brokerage house, the increase in Zen Technologies’ share prices may continue.
The brokerage house has advised investors to purchase Zen Technologies shares. The brokerage firm has started coverage of the company with a strong buy rating.
The brokerage house has set a 12-month target price of Rs 2200 for the company’s share.
That is, the share of Zen Technologies may jump 32% from the previous closing price of Rs 1667.
The brokerage house has given a bullish target of Rs 2818 for the company’s share in the coming years.
According to a news report, the company’s share price could increase up to 70%.
Shares Of Zen Technologies Jumped 6500%
Share of Zen Technologies has jumped 6532 percent in the last 4 and a half years. The share of the defense industry company was at Rs 25.30 on 27 March 2020.
Shares of Zen Technologies reached Rs 1677.20 on 16 September 2024. The company’s share has risen by approximately 122% in the last year.
The company’s share has increased from Rs 756.90 to Rs 1670 during this period. The 52-week high level of Zen Technologies shares is Rs 1969.85.
While at the same time, the 52-week lowest value of shares in the company is Rs 650.
Quick Fact
| Company name | Zen Technologies |
|---|---|
| Industry | Defence simulation and anti-drone technology |
| Rise in last 4.5 years | 6532% |
| Price (March 2020) | ₹25.30 |
| Price (Sep 2024) | ₹1677.20 |
| Rise in last 1 year | 122% |
| Price (Sep 2023) | ₹756.90 |
| Possible target price (12-month) | ₹2200 |
| Possible increase (12-month) | 32% |
| Possible target price (long-term) | ₹2818 |
| Possible increase (long-term) | 70% |
| Bullish rating | Buy |
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