Zen Technologies share price drops another 10% to hit 8-month low, down 60% in less than 2 months

Shares of Zen Technologies, a leader in defence simulation and anti-drone technology, declined for the third session today, February 8, recording a 10% drop to hit an 8-month low of ₹976 apiece. A significant jump in other income boosted the company’s profitability, as net profit jumped by 30% YoY to ₹39.72 crore, with profit margins declining to 22% in Q3FY25, compared to 29% in Q3FY24. In the second quarter of the current fiscal year, the company secured new orders worth ₹668 crore, including ₹288 crore worth of Annual Maintenance Contracts, as per the company's earnings filing. Stock corrects 60% in less than 2 months The company’s shares have corrected by 60% in less than two months, falling from ₹2445 apiece to the current trading price of ₹972.