Zen Technologies, a prominent stock in the defense sector, has been a cause for concern for investors in recent months. The stock reached its all-time high of ₹2627 on December 24, 2024. Following this, it experienced continuous selling pressure, and its price nearly halved. Currently, the stock is trading at around ₹1388.
Due to the recent decline, the stock is now approximately 47 percent below its record high. Despite this, the company’s long-term growth story continues to attract investors.
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Zen Technologies’ Performance Has Been Strong in the Long Term
In the long term, Zen Technologies has delivered excellent returns to investors. In the past three years, the stock has surged by approximately 688 percent, while its return over five years has been more than 1400 percent. The company’s revenue has also shown consistent strength, registering a compound annual growth rate of approximately 45 percent over the past five years.
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However, in the last year, the stock has fallen by about 45 percent, and a significant decline was also observed in 2025.
What Technical Indicators Are Suggesting
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Zen Technologies’ Relative Strength Index (RSI) is currently around 53. This means the stock is neither in the overbought nor the oversold zone. Technically, this level indicates stability and potential consolidation.
In February 2025, the stock also slipped to its 52-week low of ₹945. Following this, it saw a slight recovery, and the price has again reached around ₹1400.
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Why Brokerage Houses Remain Bullish
Despite the sharp decline, brokerage firms maintain a positive outlook on Zen Technologies. Antique Stock Broking has given a “buy” recommendation on the stock with a target price of ₹1744. The brokerage firm believes the company’s earnings could see a sharp improvement after FY2026.
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Choice Institutional Equities has also expressed confidence in the stock based on strong fundamentals and a healthy order pipeline. This brokerage has set a target price of ₹2150 for Zen Technologies and recommended a “buy” rating.
Order Flow and Future Growth Prospects
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According to Choice Broking, order flow has been somewhat slow in recent months due to government priorities. However, the company expects to receive strong orders in the second half of the fiscal year.
According to management, Zen Technologies has pending orders worth approximately ₹650 crore, including simulators and anti-drone systems. These orders are expected to be completed in the second half of FY2026, which could support revenue and profitability.
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What Zen Technologies Does
Zen Technologies Limited develops advanced training and simulation solutions for the defense sector. The company designs, develops, and manufactures military training systems based on sensor and simulator technology. Its product portfolio includes ground military training simulators, driving simulators, live range equipment, and drone-based systems. The company also has a state-of-the-art training center in Hyderabad, where all its products are demonstrated, and training is provided. Zen’s drone-based system is capable of surveillance, camera sensing, and neutralizing threats by jamming drone communication.