Zen Technologies Stock Price: The stock of aerospace and defense sector company Jane Technologies showed a great rise of 10 percent on February 19. The price on BSE went up to Rs 1068.65 to a high of Rs 1068.65. With this, the stock broke the process of decline for 3 days. Shares fell 33 percent in 3 business sessions. The circuit limit for Gen Technologies shares has come down to 10 percent. Earlier it was 20 percent. The company’s market cap has been Rs 9,600 crore.
The company was due to the major decline in the company’s shares. The company’s net profit on the standalone basis during the quarter stood at Rs 38.62 crore. This is about 22 percent more than the profit of Rs 31.67 crore a year ago. However, the profit declined by about 41 percent over the July-September 2024 quarter.
The total standalone revenue of Gen Technologies increased by about 60 percent to Rs 163.48 crore in the December 2024 quarter. At the same time, it was 34.6 percent less on a quarterly basis. Ebitda rose 21 percent from a year ago to Rs 58.69 crore from 33 percent to Rs 58.69 crore from the September quarter.
The Ebitda margin was 35.90 percent in the December 2024 quarter, which was 35.12 percent in the September 2024 quarter and 47.34 percent in the December 2023 quarter. By the end of the December 2024 quarter, the company’s order book was Rs 816.91 crore.
Zen Technologies 30 percent in a week
According to BSE data, Jane Technologies shares have come down 26 percent in just a week. It has become 50 percent cheaper within 1 month. The company had a 49.05 percent stake in the company till the end of December 2024. All the 4 analysts covering Zen Technologies on Bloomberg have given a “bye” rating for its share. The highest target price of Rs 2,535 per share has been given by ICICI Securities.
Tata Motors shares may rise by 36%, CLSA upgrade rating
Disclaimer: The advice or idea expert/brokerage firm given on Moneycontrol.com has its own personal views. The website or management is not responsible for this. Moneycontrol advises to users that always seek the advice of certified experts before taking any investment decision.