India's Zen Technologies surges on $24.5 mln govt order

Zen Technologies

08/06/2023 05:22

** Shares of Zen Technologies  ZETE.NS  rise as much as
9.63% to 453.20 rupees, their sharpest intraday pct gain since
May 17
    ** The maker of training simulators for armed forces secured
 order worth 2.02 billion rupees ($24.46 million) from Ministry
of Defence, Government of India 
    ** ZETE also foresees additional orders within the next
quarter
    ** Over 1.6 mln shares traded as of 9:37 a.m. IST, 1.3x the
30-day avg - Refinitiv data
    ** Stock has surged more than 140% in 2023
    
   
    
      

($1 = 82.5750 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com; +91 9769003463;))