Zen Technologies Shares Soar After MoU with AVT Simulation Boosts Market Confidence

Zen Technologies Ltd. has seen a significant increase in its shares, rising by almost 8 percent to Rs 2,033, following positive predictions from Nuvama Institutional Equities.

The brokerage has reaffirmed its 'Buy' rating on the stock and set a target price of Rs 2,200, suggesting a potential increase of 16.5 percent from the previous closing price.

This optimistic outlook comes after Zen Tech signed a memorandum of understanding (MoU) with AVT Simulation, a company based in Florida, with the aim of expanding into the US defense market.

The collaboration was announced during the National Training & Simulation Association's Interservice/Industry Training, Simulation, and Education Conference, highlighting Zen Tech's strategic move to enhance its presence in simulation training and anti-drone technology.

Nuvama emphasized that this partnership will enable Zen Tech to provide Unmanned Aerial System (UAS) technology to AVT, further strengthening its position in the defense sector.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings