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Zen Technologies Ltd shares were locked in the 20 per cent upper circuit band at Rs 139.80 on the BSE on Thursday, with more than 18 per cent equity of the company has changed hands. The stock of the defence firm has surged 44 per cent in the past two trading days after the company announced that it had secured orders worth Rs 211 crore during April-June (Q1FY22) quarter.
“Order book as on September 01, 2021, stands at Rs 402.6 crore as against an order book of Rs 191.6 crore on 30th June 2021,” Zen Technologies said in an exchange filing on Wednesday.
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In the past three weeks, the stock has zoomed 76 per cent from a level of Rs 79.40 seen on August 20, 2021. It is trading close to its all-time high level of Rs 158, touched on January 1, 2018.
Trading volumes on the counter jumped multi-fold, with a combined 14.86 million equity shares, representing 18.69 per cent of the total equity, changed hands on the NSE and BSE till 11:32 am. There were combined pending buy orders for 1.3 million shares, exchanges data show.
Stock Covered in the news
