Zen Technologies surges after securing export order

Zen Technologies jumped 7.7% to Rs 66.40 at 10:56 IST on BSE after the company said it has signed the biggest export order till date of about Rs 64 crore.

The announcement was made during market hours today, 12 October 2017.

Meanwhile, the S&P BSE Sensex was up 126.35 points or 0.4% at 31,960.34. The S&P BSE Small-Cap index advanced 130.31 points or 0.78% at 16,841.07.

On the BSE, 74,000 shares were traded on the counter so far as against the average daily volumes of 38,046 shares in the past one quarter. The stock had hit a high of Rs 69 and a low of Rs 63 so far during the day. The stock had hit a 52-week high of Rs 85.40 on 7 February 2017 and a 52-week low of Rs 46.45 on 28 September 2017.

The stock had outperformed the market over the past one month till 11 October 2017, advancing 15.13% compared with the Sensex's 0.15% fall. The stock had also outperformed the market over the past one quarter, gaining 3.09% as against the Sensex's 0.27% rise. The scrip had, however, underperformed the market over the past one year, sliding 20.3% as against the Sensex's 13.36% rise.

The small-cap company has equity capital of Rs 7.72 crore. Face value per share is Rs 1.

Zen Technologies won the contract for live and virtual combat training systems against tough international competition. This order is expected to be executed in the first half of next financial year 2018-19.

Zen Technologies reported a net loss of Rs 2 crore in Q1 June 2017, compared with net loss of Rs 6.11 crore in Q1 June 2016. Net sales rose 218.4% to Rs 8.47 crore in Q1 June 2017 over Q1 June 2016.

Zen Technologies is engaged in the design, development and manufacture of training simulators.

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