Ace investor Mukul Agrawal saw a significant increase in his net worth today, thanks to the impressive performance of the Zen Tech stock. The stock hit its 52-week high today, as the company posted its earning for the quarter ended June.
The company sales for the quarter went up 299% to ₹132.45 crore from ₹33.23 crore it posted in the same quarter last year. The company’s net profits also witnessed a multifold increase at ₹47.13 core.
The drone tech company announced securing new orders amounting to approximately ₹202 crore in the June quarter. Additionally, in July 2023, the company bagged orders worth around ₹500 crore. Its cumulative order book stands at ₹1,000 crore.
Mukul Agrawal owns 1.34% or 1,126,765 shares of Zen Tech. So, on the previous day, when the stock closed at ₹613.50, the value of his holding was ₹69.11 crores. Today, after the surge to ₹674.85, his stake’s value went up to ₹76.03 crores.
Price Action: The stock was up 10% locked at upper circuit at ₹674.85 on Monday.
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Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.
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