Zen Technologies trades marginally higher on forming wholly owned subsidiary in UAE

Zen Technologies is currently trading at Rs. 198.10, up by 0.20 points or 0.10% from its previous closing of Rs. 197.90 on the BSE.

Zensar Technologies
Zensar Technologies

The scrip opened at Rs. 197.95 and has touched a high and low of Rs. 199.75 and Rs. 197.30 respectively. So far 4095 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 257.70 on 15-Dec-2021 and a 52 week low of Rs. 144.45 on 13-May-2022.

Last one week high and low of the scrip stood at Rs. 206.80 and Rs. 197.00 respectively. The current market cap of the company is Rs. 1573.50 crore.

The promoters holding in the company stood at 60.19%, while Institutions and Non-Institutions held 0.44% and 39.37% respectively.

Zen Technologies has successfully formed a wholly owned subsidiary company namely ‘Zen Defence Technologies’ in the emirate of Abu Dhabi, UAE, on November 15, 2022. The business of wholly owned subsidiary is in line with the main business of the holding company i.e., Training & Simulation. As a newly incorporated company, the entity is yet to commence its operations.

Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators.

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