As per Trendlyne data, ace investor Mukul Agrawal picked up two new stocks during the June quarter. One of them was Zen Technologies.
As per the latest shareholding data, Agrawal picked up 11.26 lakh shares of the company during the June quarter. He currently holds a 1.36% stake in the company that is worth around ₹70 crore.
With a market cap of around ₹5,000 crore, the company develops defence training, drones and anti-drones solutions. The company also works with the Ministry of Defence.
The company’s revenue from operations grew over 240% in the March quarter to ₹95.9 crore from ₹30.4 crore in the year-ago period. Net profits also saw a multifold rise during the quarter at ₹20.2 crore. The company will be posting its June quarter results later this week on Aug 5.
The robust financial performance has helped the stock achieve an impressive bull run at the bourses. Since the start of the year, the stock has gone up over 230%.
Price Action: Zen Tech’s share price was down 0.55% to trade at ₹626.40 in the early hours of trading on Wednesday.
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