Zen Tech’s stock has risen 32% in the last five days. Should you purchase?

Zen Technologies’ stock continued to rise during Thursday’s trading session, with the stock reaching a new 52-week high for the first time. In early trading on the BSE, the shares of the drone technology company were trading more than 14 percent higher at 132 per share. In the last five trading sessions, the stock has gained approximately 32 percent in value.

After seeing a large increase to 402.6 crore on September 01, 2021, Zen Tech’s order book has increased by a significant margin from a previous order book of 191.6 crore on the 30th of June 2021, according to a filing with the stock exchange on Wednesday.

According to Rohit Singre, Senior Technical Analyst at LKP Securities, “Breakout has been observed on both the daily and weekly charts.” At the moment of the breakout, there was a significant increase in volume activity, indicating strength.”

Zen Technologies

Zen Technologies Limited is a leading provider of Defence Training Solutions, with its headquarters in Hyderabad, India, and operations in India and the United States. Zen Technologies Limited was founded in 2001. Zen Technologies Limited, founded in 1993, is a British company that designs, develops, and manufactures cutting-edge combat training solutions for the training of defence and security services all over the world.

 Things have improved for the company in recent days, with new drone regulations serving as yet another good catalyst for the company’s future growth. Technically, it is breaking through a significant resistance level of 107, which might pave the way for a new rally in this counter towards the 135 level, with 115 serving as a temporary roadblock. On the downside, the 97-94 area has developed into a high-demand zone “According to Santosh Meena, Head of Research at Swastika Investmart.

In addition, the company produces land-based military training simulators as well as driving simulators, live range equipment, and anti-drone systems. HLLDs (heavy lift logistics drones) from Zen Technologies are equipped with sophisticated capabilities that enable them to perform the critical task of delivering dependable logistics support in normally tough environments, including conflict situations.


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