ZEN Technologies Ltd

Indian stock market: Driven by geopolitical tensions and strong order books, firms like HAL and BDL have seen returns exceeding 500%, prompting experts to view defence as a potential growth sector akin to IT

US-Iran war: Despite the stock market crash on Wednesday, those defence stocks that deal in war equipment witnessed strong buying interest during early morning deals

Zen Technologies sits at the intersection of India’s defence and drone boom, but shrinking order books, slowing execution and stretched working capital raise questions about near-term earnings momentum.

Zen Technologies shares have been on a tear, hitting upper circuits for eight straight sessions, logging a nearly 48% rise during this period. The rally can be attributed to the rise in drone stocks following Operation Sindoor and strong performance by the company during the March 2025 quarter.

Stock Market Today: Drone stock ZEN Technologies saw its share price rise 5% to hit the upper circuit in the morning trade on Monday. The stock reacted to the company's robust Q4 results and final dividend announcement.

While Zen Technologies share price jumped 5%, Paras Defence shares slumped 5%, after India-Pakistan ceasefire announcement. The defence stocks had witnessed a stellar rally last week on the back of escalation of geopolitical tensions between India and Pakistan.

Prashanth Tapse recommends buying these three stocks in the short term - State Bank of India (SBI), Tata Motors, and Zen Technologies.

Stock Market today: Several drone stocks, including Zen Technologies and Ideaforge, skyrocketed up to 20 to hit the upper circuit, amid the India-Pakistan conflict during the intraday trades on Friday.