Zen Technologies News Today

Zen Technologies board has recommended a final dividend on equity shares at the rate of 100 percent i.e. Rs 1 per equity share of Rs 1 each for FY24.

A long build-up was seen in 71 stocks, including REC, IndiaMART InterMESH, Bosch, Navin Fluorine International, and Dr Reddys Laboratories.

The market will remain shut on May 1 on account of Maharashtra Day.

Data available from corporate database ACE Equity shows that Nifty India Defence index has surged 142% in the 12-month period. The index has significantly outperformed the equity benchmark Nifty50 that has given 26% return in the same duration

The BSE midcap index was up 0.8 percent and the smallcap index ended flat.

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Defence exports grew 33 per cent in the calendar year 2023 (CY23) to around Rs 21,083 crore while domestic defence orders serviced by listed companies were Rs 48,000 crore. The sector is poised for steady growth. Budgeted domestic capex is likely to hit Rs 3 trillion per annum, and exports could reach $6 billion by FY29.

This opportunity allows India's defense industry to tap into a new market and sends a clear message to detractors about facing consequences for actions against India's interests.

Exicom Tele-Systems Ltd is a power management solutions provider, operating under two business verticals: critical power solutions business and electric vehicle (EV) supply equipment.

It is in the business of water supply systems (WSP), wastewater scheme projects (WWSPs), electrical transmission & distribution (T&D), road and allied works.