Introduction:
Defence Stock announced a partnership with AVT Simulation on December 5, 2024, to expand into the U.S. defence market. This collaboration aims to develop next-generation training solutions, showcasing its commitment to innovation and addressing evolving global defence needs.
Share price movement of Zen Technologies Ltd:
On December 5, 2024, Zen Technologies Ltd (NSE: ZENTEC) share price rose 3.01%, closing at ₹1,887.00, up from the previous close of ₹1,836.80. The stock opened at ₹1,859.00, hit an intraday high of ₹1,900.80, and a low of ₹1,823.00, with a market capitalisation of ₹17,080.94 crore.
Zen Technologies Ltd share price rise:
Zen Technologies Limited has partnered with AVT Simulation to expand into the U.S. defence market, announced on December 5, 2024. This collaboration, formalised via an MoU, aims to develop next-generation defence training and simulation solutions for military and security forces.
The company showcased its advanced technologies, including anti-drone systems and AI-powered training platforms, at I/ITSEC 2024 in Orlando. These innovations reflect Zen’s commitment to addressing evolving defence needs and establishing a strong presence in the U.S. market.
Zen’s 30-year expertise and over 1,000 global deployments position it as a leader in defence training solutions. This strategic partnership will leverage AVT’s simulation expertise and Zen’s innovative technology to enhance military readiness and operational efficiency.
Recent news About Zen Technologies Ltd:
On November 26, 2024, Zen Technologies Ltd announced receiving a patent for its T90 Containerized Crew Gunnery Simulator. This achievement highlights the company’s innovation in defence training technologies, strengthening its position as a leader in advanced military simulation solutions.
Stock performance of Zen Technologies Ltd for Period of 1 week, 6 months and 1 year:
Zen Technologies Limited showcased impressive stock performance over time. In the past week, the stock declined slightly by 0.29%; however, over six months, it gained 95.1%, and over the past year, it delivered a remarkable return of 152%.
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Shareholding pattern of Zen Technologies Ltd:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 51.26 | 55.07 | 55.07 |
| FII | 5.72 | 3.09 | 3.84 |
| DII | 8.05 | 3.37 | 3.31 |
| Retail & others | 34.96 | 38.47 | 37.77 |
About Zen Technologies Ltd:
Zen Technologies Ltd is a leading provider of defence training and simulation solutions, specialising in combat training systems, anti-drone technologies, and AI-powered platforms. With over 30 years of experience, it serves global military and security forces, ensuring operational excellence.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
