- By Aditya Pratap Singh
- Tue, 18 Feb 2025 10:59 AM (IST)
- Source:JND
Zen Technologies Share Price Today: For the third consecutive session, shares of Zen Technologies declined following the continuation of sharp selling despite the defence sector company posting a positive Q3 result. The stock fell 10 per cent in today's session, extending a three-day decline to 33 per cent.
At around 10.46 am, shares of Zen Technologies were trading at Rs 972.0 on NSE, falling 10% or 108 rupees per share. In the morning the stock opened at Rs 1,059.90, below the previous day's closing price of Rs 1,080.0 per share.
While the drone maker’s third-quarter earnings rose year-on-year, there was sharp weakness on a sequential basis, due to delays in booking some contracts, which was also a deterrent for investors.
Zen Technologies reported a Q3 profit of Rs. 38.62 crore in the same quarter last year as compared to Rs. 31.67 crore, an increase of 22 per cent, due to higher other income. However, sequentially, net profit almost halved from Rs 65.24 crore in the previous quarter.
Zen Technologies Stock Performance
The shares of Zen Technologies, a small-cap company serving the aerospace and defence industries, have been experiencing pressure as they fell 54% in the last 30 days and 38% in the last week.
Following its December quarter (Q3 FY25) results, the stock also closed at its lowest circuit limit of 20% on Monday, February 17 and was trading at Rs 972 in morning deals on Tuesday, February 18, down 10% on the NSE.