Zen Tech has launched India's first modular, AI-powered counter-drone system at the North Tech Symposium 2026 in Prayagraj
In the March quarter (Q4FY26), Zen Technologies posted net profit year-on-year (Y-o-Y) of ₹31.53 crore, as compared to ₹101.04 crore a year ago
Motilal Oswal Financial Services has a 'Buy' rating on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave Products
Zen Technologies share price rose 9.67 per cent to ₹1,346.90, the highest level since January 7 this year
In its winter session, the Defence Acquisition Council (DAC) approved capital acquisition proposals worth ₹79,000 crore, taking total approvals in FY26 year-to-date (Y-T-D) to around ₹3.3 trillion.
Around 9:50 AM, Zen Technologies share price continued to trade 0.7 per cent higher at ₹1,405 per share. In comparison, BSE Sensex was trading 0.24 per cent lower at 85,365.02.
Market experts attributed the weakness to a combination of valuation concerns, liquidity pressures and profit booking.
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.
In the quarter ended September 2025, Zen Technologies reported a net profit of ₹59.4 crore, as compared to ₹62.6 crore a year ago, down 5 per cent
The buying on the counter came after the company acquired the remaining 24 per cent equity stake in Applied Research International Private Limited (ARIPL)
Nifty India Defence index declined 2% in Friday's intra-day trade, corrected 17% from its all-time high level of 9,195.15 touched on June 6, 2025.
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
Shares of Zen Technologies extended gains to their fifth day. They, however, have fallen 47 per cent so far this year
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.
Shares of Zen Technologies locked in lower circuit for the second straight day, down 10 per cent at Rs 971.50 on the BSE in Tuesday's intra-day trade