Drone Stock Double Bang: Double Century Dividend Announcement

Hyderabad, May 19 (Maxim News): After the success of Operation Sindoor, the demand for defence stocks is increasing significantly in the domestic equity markets. In the last few days, the shares of many companies in this sector have registered a huge increase. Moreover, experts say that defence orders are also increasing for Indian companies.

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the shares of Zen Technologies Company, actually, this company is engaged in the business of manufacturing drones. The company has recently announced its March quarter results. In this sequence, The company’s net profit increased by 190 percent year-on-year to Rs. 101.04 crore. The company also revealed that its revenue has doubled compared to the same period last year and has been recorded at Rs. 325 crore. The company’s total expenses in the March quarter were recorded at Rs. 195.70 crore.

In the same vein, the company announced a 200 percent dividend to its investors. With this, the investors have offered a dividend of Rs. 2 per share. It is known that on February 14, 2025, the board of directors of Zen Technologies approved the acquisition of 51 per cent stake in Vector Technics Private Limited.

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The company has to pay Rs. 25 crore to complete the deal. Finally, on Friday, the company’s shares touched the upper circuit on the BSE and closed trading at Rs. 1,794 each. In the past year, the company has given 90 percent returns to its investors. (Maxim News)

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