India's Zen Technologies rises most in nearly 2 months on Q4 profit surge

Zen Technologies

08/05/2023 06:40

** Shares of defence training simulators maker Zen
Technologies Ltd  ZETE.NS  up as much as 13.4% at 324.70 rupees,
their biggest intraday pct gain since March 14
    ** Stock at highest level since April 6
    ** Co said on Saturday its quarterly profit up ~510% YoY to
202 mln rupees ($2.5 mln), boosted by multiple new orders 
    ** ZETE said it bagged orders worth 1.42 bln rupees during
the qtr, increasing its orders in hand to 4.73 bln rupees, as of
March 31
    ** Consolidated revenue from operations for the qtr also
amplified by ~245% YoY to 958.8 mln rupees  
    ** Over 2.5 mln shares change hands, 2.2x the 30-day moving
avg
    ** As of last close, stock up 55.4% this year

    ($1 = 81.7150 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))