Zen Technologies Rebounds: 10% Upper Circuit After Sharp Decline

Zen Technologies' shares surged 10% on Wednesday, hitting an upper circuit at Rs 1,069.20, ending a three-day losing streak. The rebound follows a 31% drop over two sessions after disappointing Q3 FY25 results. Despite sequential declines in profitability and revenue, analysts maintain a positive outlook. Nuvama retained a 'buy' call with a revised target price of Rs 1,650. The company's order book stands at Rs 816.91 crore, with strategic investments in Vector Technics and Bhairav Robotics strengthening its position in UAV propulsion and autonomous robotics. Investors remain cautious due to recent volatility, with the stock down 55.6% over the past month.

 

Source: Economic Times