Zen Applied sciences shares achieve over 4% after order win from Defence Ministry
The counter opened in inexperienced at Rs 1,482 in opposition to the earlier shut of Rs 1,466.15. The inventory gained additional to the touch the excessive of Rs 1,529 on the BSE.
Shares of Zen Applied sciences, an anti-drone expertise and defence coaching options supplier, gained over 4 per cent on Friday as that knowledgeable exchanges that it has bagged an order price Rs 152 crore from the Ministry of Defence.
The counter opened in inexperienced at Rs 1,482 in opposition to the earlier shut of Rs 1,466.15. The inventory gained additional to the touch the excessive of Rs 1,529 on the BSE. Final seen, the counter was buying and selling at Rs 1486, with a achieve of 1.35 per cent.
The 52-week excessive of the counter is Rs 2,627.95 and the 52-week low is Rs 886.20. The market cap of the corporate is Rs 13,417 crore.
In line with the data shared, the order is for the provision of its digital simulation system to offer complete coaching for air defence operations.
Zen will present its in-house developed Built-in Air Defence Fight Simulator (IADCS) as a part of this order, in line with an organization assertion.
Zen IADCS is a digital simulator for coaching L 70 and ZU 23-2 gun crews, providing real looking battle situations and enhanced realism in weapon dealing with.
“We invested within the analysis and growth of this simulator independently, satisfied of its ransformative potential. With its profitable induction, we foresee vital curiosity not solely from inside India but in addition from pleasant international nations working legacy air defence platforms just like the L70 gun,” Arjun Dutt Atluri, Vice President, Zen Applied sciences, mentioned.
Zen Applied sciences Share
The inventory has given a multibagger return of 400 per cent in two years and 644 per cent in three years. In 5 years, it has given an enormous return of 5,750 per cent. Nonetheless, it has corrected over 38 per cent to this point this 12 months.
Earlier, the corporate, in collaboration with its subsidiary AI Turing Applied sciences, launched AI-powered robotic Prahasta, amongst different merchandise, for the worldwide protection market.
Prahasta is an automatic quadruped that makes use of LiDAR (mild detection and ranging) and reinforcement studying to know and create real-time 3D terrain mapping for unparalleled mission planning, navigation, and menace evaluation.
