India's Zen Technologies rises on 4 bln-rupee order wins

Zen Technologies

16/01/2026 06:41

** Zen Technologies ZETE.NS rises 8.9% to 1,346.98 rupees; marks biggest intraday pct gain in 10 months

** Defence products maker wins 4.04 billion-rupee ($44.6 million) orders from India's government to supply anti-drone systems, counter unmanned aerial systems, training simulators

** Around 3.1 mln shares traded, more than 10x the 30-day avg; stock logs busiest trading session in 11

** Stock rated "buy" on avg; median PT is 1,520 rupees, per data compiled by LSEG

** ZETE down 44% YTD

($1 = 90.6610 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))