Around 12:15 PM, Zen Technologies share price was trading 4.08 per cent higher at ₹1,411.80 per share. In comparison, BSE Sensex was down 0.11 per cent at 83,844.90 levels.
The buying on the counter came after the company acquired the remaining 24 per cent equity stake in Applied Research International Private Limited (ARIPL)
The defence equipment manufacturer's net profit for the quarter ended June 30, 2025, stood at ₹47.75 crore, down by 38 per cent from ₹76.81 crore recorded in Q1FY25
Thus far in the month of July, Nifty India Defence index has underperformed the market by falling 12 per cent, as against 3.3 per cent decline in Nifty 50.
The sharp rally in defence stocks came after the Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, approved 10 major capital acquisition proposals on Thursday.
Zen Tech share price hit 5 per cent upper band as company's Q4 consolidated net profit stood at ₹101 crore as compared to ₹34.94 crore a year ago, up 189 per cent
The surge in these stocks followed the news that the Goods and Services Tax (GST) Council is likely to announce a uniform 5 per cent GST rate on all commercial-use drones in its upcoming meeting
Analyst at Elara Capital believe defense companies in India stand to benefit as the EU defence OEM turn to public and private defence firms to procure components and subsystems.
With February month's decline, thus far in the calendar year 2025, the BSE Smallcap index has plunged 22 per cent. A total of 27 smallcaps hit new all-time lows.
The rise in Zen Technologies share price came after the company announced that it has launched remote-controlled weapon and surveillance systems to strengthen India's defence capabilities.
Shares of Zen Technologies hit a new high of Rs 1,876.05 on the BSE today after the company successfully raised Rs 1,000 crore through its first-ever QIP
