Multibagger stock: Zen Technologies is the only listed drone making company and the stock has been moving upside after the announcement of liberal drone making policy by the central government.
According to stock market experts, this defence company has recently executed some bulk deals where some mutual funds have made investments in the company.
So, one can add this stock in one’s portfolio as central government’s drone policy is going to push this multibagger stock from next financial year.” He said that the company has announced to raise fund in mid October 2021 that is also going to help company’s growth in future.
Echoing with Avinash Gorakshkar’s views; Sumeet Bagadia, Executive Director at Choice Broking said, “This multibagger defence stock has strong support at ₹175 to ₹180 levels.
The defence company’s operating revenue rose 12.2 per cent to ₹1,050.6 crore in the reported quarter from ₹936.4 crore in the same period last fiscal.