India's Zen Technologies hits over 3-1/2-yr high on large order win

Zen Technologies

03/09/2021 08:16

** Shares of defense training simulator maker  ZETE.NS  rise
as much as 10% to 153.80 rupees, their highest since Jan 2018
    ** Co on Friday said it secured new orders worth 1.55 bln
rupees from Indian Air Force  urn:newsml:reuters.com:*:nFWN2Q40YM
    ** The order for supply of counter unmanned aircraft systems
will be carried out in a 12-month time frame, co said
    ** ZETE said its order book stood at 4.03 bln rupees
 urn:newsml:reuters.com:*:nFWN2Q20QO
    ** Co provides products to police, paramilitary, armed
forces, air force segment as well as to areas like mining and
transport
    ** About 5.8 mln shares change hands, 3.6x 30-day avg of 1.6
mln shares
    ** ZETE shares up 55.4% so far this year as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))