Zen Technologies shares rally after order book update

New Delhi: Shares of Zen Technologies zoomed over 17 per cent on Tuesday to scale a new 52-week high after the company provided an update on its order book.

According to the regulatory filing, the order book of the company stood at Rs 402.6 crore on September 1, 2021 as against Rs 191.6 crore on June 30, 2021. The Hyderabad-based defence equipment maker bagged orders worth Rs 211 crore during July-August 2021 period.

Shares of Zen Technologies soared 17 per cent to Rs 113.70 before trading at Rs 110.20 at 11 am. BSE Sensex was trading 20.55 points, or 0.04 per cent, higher at 57,572.94 at the same time. The scrip settled at Rs 97.10 on Tuesday.


Shares of the company have been in the buzz after the government unveiled a new set of liberal drone rules in the country. Under the new set of rules, the numbers of approvals have been reduced and charges for remote pilot license have been slashed, along with penalty.

Zen Technologies is the sole listed player active in manufacturing drones in India and is expected to be the key beneficiary of the new rules.