Zen Technologies Shares Down 20% on Lower Circuit

Shares of Zen Technologies slumped by 20% in the early morning trade on February 17, 2025 amid heightened selloff in the broader market segments. This is the sharpest decline the stock has witnessed since March 12, 2020.

The company reported a net profit of ₹40 crore in the December quarter, compared to ₹30.58 crore in the year-ago period. Revenue jumped by 53% to ₹152 crore, while EBITDA surged by 42% to ₹66 crore in Q3. EBITDA margins fell by 38.01% this quarter.

Setting a target price of between ₹2200 to ₹2535 apiece, Motilal Oswal, ICICI Securities and Nuvama have issued ‘buy’ ratings on the counter.

Shares of Zen Technologies reported a one-year beta of 1.1, thereby indicating high volatility in Q3FY25. The shares are trading lower than the 5 day, 10 day, 20 day, 50 day, 100 day and 200 day moving averages.

Notably, investors have booked a profit of 34% from the stock in the last 12 months. Shares of Zen Technologies are locked at ₹1,079.35.