Zen Technologies hits 52-week high, zooms 30% in three days

Defence exports in the country witnessed strong growth in the last two years and India targets to export military equipment worth US $5 billion (Rs 35,000 crore) in the next five years

Shares of Zen Technologies rallied 12 per cent to hit a 52-week high of Rs 107.75 on the BSE in intra-day trade on Friday on the back of heavy volumes. The stock of the defence company has zoomed 30 per cent in the past three trading days.

At 09:41 am, it was trading 9 per cent higher at Rs 104.70, as compared to a 0.38 per cent decline in the S&P BSE Sensex. The trading volumes on the counter jumped over seven-fold, with a combined 0.91 per cent of the total equity having changed hands on the NSE and BSE so