Zen Technologies turns highly volatile ahead of listing on NSE on 30 March

Zen Technologies fell 0.31% to Rs 47.95 at 14:13 IST on BSE, with the stock sliding on profit booking after the company said the equity shares of the company will be listed and admitted to trading on NSE with effect from 30 March 2015.

Meanwhile, the BSE Sensex was up 20.22 points or 0.07% at 27,477.80.

On BSE, so far 2.12 lakh shares were traded in the counter as against average daily volume of 1.40 lakh shares in the past one quarter.

The stock was volatile. The stock fell as much as 4.15% at the day's low of Rs 46.10 so far during the day. The stock rose as much as 5.82% at the day's high of Rs 50.90 so far during the day. The stock had hit a record high of Rs 67.80 on 20 February 2015. The stock had hit a 52-week low of Rs 8.72 on 6 May 2014.

The stock had underperformed the market over the past one month till 26 March 2015, sliding 20.23% compared with the Sensex's 4.48% fall. The scrip had, however, outperformed the market in past one quarter, advancing 21.46% as against Sensex's 0.79% rise.

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

Shares of Zen Technologies had rallied 7.73% to settle at Rs 48.10 yesterday, 26 March 2015.

The National Stock Exchange (NSE) in a circular yesterday, 26 March 2015 said that 7.71 crore shares of Zen Technologies of face value of Re 1 each gets listed on NSE on 30 March 2015. The shares of Zen Technologies will be listed in normal market segment (rolling settlement) with effect from 30 March 2015.

Zen Technologies reported net loss of Rs 2.77 crore in Q3 December 2014 as against net profit of Rs 16.65 crore in Q3 December 2013. Net sales dropped 80.4% to Rs 7.44 crore in Q3 December 2014 over Q3 December 2013.

Zen Technologies develops state-of-the-art training equipment and simulators for weapons and allied defence equipment.

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