Zen Technologies Stock Analysis: Current Trends and Investment Insights (November 2024)
Explore the latest analysis of Zen Technologies Ltd. stock as of November 4, 2024. Understand the financial overview, pros and cons of investing, and expert recommendations on whether to hold, buy, or sell.
The low dividend yield (0.05%) may not appeal to income-focused investors.
As of November 4, 2024, Zen Technologies Ltd. costs ₹1,845.00.
This is a drop of ₹33.65, or 1.79%, from yesterday.
The stock opened at ₹1,938.60.
Today, it has ranged between ₹1,841.05 and ₹1,938.60.
The trading volume is 491,529 shares.
The market cap is around ₹16,933.05 crore.
Financial Overview
Market Cap: ₹16,933.05 crore
Earnings Per Share (EPS): ₹17.30
Price-to-Earnings (P/E) Ratio: 108.39
Sales Growth: 166.53%
Profit Growth: 243.36%
Pros and Cons of Investing
Advantages:
There is strong sales growth, showing high demand.
Good profit growth reflects effective management.
The return on equity (ROE) is 33.72%. This indicates efficient use of capital.
Disadvantages:
The very high P/E ratio raises concerns about overvaluation.
Recent price volatility may worry conservative investors.
The low dividend yield (0.05%) may not appeal to income-focused investors.
Investment Recommendation
It is advised to hold shares of Zen Technologies for now. The recent drop in price is concerning. However, the company’s solid fundamentals suggest waiting for recovery before making big changes.
Analyst Insights
One analyst recommends a cautious approach and suggests monitoring market trends. Target Price: ₹1,900; Stop-Loss: ₹1,800.
Another expert sees potential for recovery and advocates buying on dips. Target Price: ₹2,000; Stop-Loss: ₹1,820.
A third analyst suggests holding positions while watching for signs of market recovery. Target Price: ₹1,870; Stop-Loss: ₹1,800.
