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
Zen Technologies share price: The company said it bagged new orders worth just Rs 1.69 crore in the December 2024 quarter (Q3FY25)
In the previous two calendar years, Zen Technologies had zoomed over 200%; with a 207% surge in CY 2024 and 333% in CY 2023.
Thus far in the calendar year 2024, the stock price of Zen has zoomed 156 per cent, as compared to 13 per cent rise in the BSE Sensex.
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
Shares of Zen Technologies soared up to 4.6 per cent, reaching its all time high at Rs 1,865 per share on the BSE in Thursday's intraday deals