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Zen Technologies share price: On technical setup, the counter's 14-day relative strength index (RSI) came at 86.20. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-earnings (P/E) ratio of 128.87 against a price-to-book (P/B) value of 15.19.
The share price rose 148 percent in last 6 months and 178 percent in last one year.
Zen Technologies share price: On technical setup, the counter's 14-day relative strength index (RSI) came at 61.90. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-earnings (P/E) ratio of 94.88. It has a price-to-book (P/B) value of 11.19. The scrip has a one-year beta of 0.81, indicating low volatility.
The deal is part of the government's Indigenous Design and Development plan, which calls for Indian intellectual property and more than 60 percent indigenous content
Zen Technologies said the contract comes under the government's Indigenous Design and Development (IDDM) initiative, which requires Indian IP and over 60 per cent indigenous content