Aerospace & Defence
Aerospace & Defence - Equipments
from 1,724 today
We are upgrading Zen Technologies Ltd. from passive coverage to active coverage, driven by improving visibility on order inflows, a strong opportunity pipeline across simulators and anti-drone systems, and enhanced growth prospects over the medium-term prospects.
Outlook remains positive for Simulators as well as Drones/ Anti Drone segments. We maintain BUY with a revised target price of INR 2000, based on 32x 1HFY29E earnings.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
