India's Zen Technologies rises after Q2 profit jump

Zen Technologies

04/11/2024 06:57

** Shares of Zen Technologies Ltd  ZETE.NS  rise as much as
3.2% to 1,938.60 rupees 
    ** Defence equipment maker reported an over four-fold YoY
jump in Q2 consolidated net profit to 626.7 mln rupees ($7.45
mln); Q2 revenue also grew over three-fold
    ** More than 780,000 shares traded as of 12:22 p.m. IST, 2x
their 30-day moving avg
    ** ZETE last up 0.5%, adding to YTD gains of 137.1% 

($1 = 84.1050 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))