Page 7 - Zen Technologies News Today

The investors who looked beyond Nifty have been handsomely rewarded. While Nifty has moved 1,736 points since the last Independence Day, which is a 9.8% gain, (Friday, August 12, 2022), the Nifty MidCap 100 has rallied 6,964 points or 22.61% and Nifty SmallCap 100 has traversed 2,241 points or 23.78%.

Defence stocks: The company, in an exchange filing, said, "Sika Interplant has secured significant new orders for advanced engineering products and services in the recent past. With these recent contracts, the cumulative of new orders received by Sika since the start of FY 2023-24 is Rs 117 crore (approx.) as on August 11, 2023." The company provides advanced products and solutions to the aerospace and defence sector.

For Nifty the crucial support zone on the downside is placed at 19350 – 19290 and on the upside, resistance is placed at 19530 – 19500.

Talbros Automotive Component was the top gainer in the smallcap segment with a nearly 31% return, followed by Zen Technologies (28.5%), Tasty Bite Eatables (28%), and Banco Products (27%). About 9 stocks, including Bajaj Hindusthan, Onmobile Global, Force Motors, Windlas Biotech, ZEE Media, and BF Utilities, offered returns between 20 and 25% during the week

The likes of Mazagon Dock, Zen Technologies, Bharat Dynamics, Hindustan Aeronautics and Taneja Aerospace have soared high. After such an explosive stock performance, is it worth adding to your positions, or should you book out instead?

During this quarter, Zen Technologies has secured new orders worth Rs 202 crore. Additionally, in July 2023, they bagged orders worth around Rs 500 crore.

Zen Technologies’ saw its June quarter profit surging to Rs 47.13 crore from Rs 8.21 crore in the same quarter last year. Sales also jumped four times to Rs 132.45 crore from Rs 33.23 crore.

This strong performance in the quarter was driven by the successful execution of a significant part of the simulation export and domestic anti-drone orders," Zen Technologies Chairman and Managing Director, Ashok Atluri said.

Top stock picks for today: Deven R Choksey on Monday told BT TV that if the economy has to move to $5 trillion mark in the next 3 to 5 years, banking and finance companies with a larger balance sheet would remain extremely effective preposition.

The 30-share BSE Sensex pack rose 151 points or 0.23 per cent to trade at 65,872, while the broader NSE Nifty moved 44 points or 0.23 per cent up to trade at 19,561. Mid- and small-cap shares were positive as Nifty Midcap 100 climbed 0.11 per cent and small-cap gained 0.49 per cent.