As per Trendlyne data, ace investor Mukul Agrawal picked up two new stocks during the June quarter. One of them was Zen Technologies.
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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.
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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.
