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Zen Technologies zooms on the BSE

Zen Technologies is currently trading at Rs. 74.00, up by 4.40 points or 6.32% from its previous closing of Rs. 69.60 on the BSE.

The scrip opened at Rs. 72.00 and has touched a high and low of Rs. 76.00 and Rs. 72.00 respectively. So far 3025 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 115.00 on 21-Jun-2018 and a 52 week low of Rs. 53.00 on 29-Oct-2018.

Last one week high and low of the scrip stood at Rs. 76.00 and Rs. 68.90 respectively. The current market cap of the company is Rs. 537.03 crore.

The promoters holding in the company stood at 59.49%, while Institutions and Non-Institutions held 0.09% and 40.42% respectively.

Zen Technologies has received approval for closure of Nalagarh Unit, Solan District in the state of Himachal Pradesh. There was no revenue contributed from the Nalagarh Unit during the Financial Year 2018-2019. The Board of Directors of the Company at its meeting held on May 18, 2019 has approved the same.

The estimated date of closure of the unit is June 30, 2019. There is no impact on operations of the Company pursuant to the closure of the said Nalagarh Unit.

Zen Technologies specializes in making simulators and imparting training since 1993. It has an innovative research and development division and is recognized as an in-house R&D unit by the Department of Scientific and Industrial Research (DSIR).