InvestorQ : What is the story behind the stock of Zen Technologies more than doubling in just the last one month?
Riya Dwivedi made post

What is the story behind the stock of Zen Technologies more than doubling in just the last one month?

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shrinidhi Rajan answered.
3 months ago
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Zen Technologies surged 140% in one month due to its monopoly in drone manufacturing in India. Government just announced a PLI scheme for auto stocks which also included an allocation for drones. Once the drone licensing plan is in place, India can substantially increase the output of drones and companies like Zen stand to gain big time. Zen has also doubled its order book in last 2 months with a Rs.155 crore order from Indian Air Force in August 2021.

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