Jane Technologies order from Ministry of Defense, Bounce in Stock

There has been great news for Zen Technologies LTD, the leading defense sector company. The company has received a new contract of ₹ 152 crore from the Ministry of Defense, Government of India. Under this contract, the company will develop Integrated Air Defense Combat simulator (IADCs) for L70 guns. The system is designed by Jane Technologies to advance air defense operations.

Company statement

Arjun Dutt, Vice President of Gen Technologies, expressed happiness over this deal, saying,
“This order reflects the trust in our innovation and technical efficiency. We are preparing world -class solutions for defense forces, and our research and development in this direction is getting positive results of investment of (R&D).”

Tremendous bounce in shares, but declines in closing

• Share starting price: ₹ 1,482

• Highest level in the day: ₹ 1,529 (+4.28%)

• Fall on market closure: ₹ 1,477.30

400% jump in 2 years, but recent decline

• In the last 1 month: +41% rose

• From the beginning of 2025 so far: -40% fall

• In the last 6 months: -13.30% loss

• In 1 year: +54% returns

• 2 years in 2 years: +399% lead

What indications for investors?

Although this stock has recorded some decline in recent months, due to continuous growth in the defense sector and increasing priority in the government’s defense sector, this stock has a strong possibility for investors in long-term.