Zen Technologies Shares Surge 4% Following Launch of AI-Powered Anti-Drone System
Zen Technologies shares rise 4% in trade; here's what's fuelling the gains
Business StandardImage: Business Standard
Zen Technologies' shares rose by 3.90% to reach an intra-day high of ₹1,582.9 after unveiling India's first modular, AI-powered counter-drone system at the North Tech Symposium 2026 in Prayagraj. This development marks a significant step in India's defense self-reliance efforts.
- 01Zen Technologies shares increased by 3.90% post-launch of an AI-powered counter-drone system.
- 02The system is designed for rapid deployment across various configurations.
- 03The launch aligns with India's push for defense self-reliance.
- 04The company's Q4 net profit fell by 68.7% year-on-year.
- 05Zen Technologies holds a total order book of ₹1,336.04 crore.
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Shares of Zen Technologies surged by 3.90%, reaching an intra-day high of ₹1,582.9 on the National Stock Exchange (NSE) after the company announced the launch of India's first modular, AI-powered counter-drone system during the North Tech Symposium 2026 in Prayagraj, Uttar Pradesh, India. This launch, commemorating the anniversary of Operation Sindoor, signifies a major milestone in India's commitment to defense self-reliance and indigenous technology development. The counter-drone system can be deployed in three configurations: vehicle-mounted, man-portable, and fixed, catering to various operational needs. Ashok Atluri, chairman and managing director of Zen Technologies, emphasized the importance of this technology for enhancing the capabilities of the armed forces. However, the company reported a 68.7% decline in net profit for the March quarter, totaling ₹31.53 crore, alongside a 42.5% drop in total revenue compared to the previous year. Despite these financial challenges, Zen Technologies maintains a robust order book of ₹1,336.04 crore.
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The launch of the counter-drone system could enhance national security and defense capabilities, potentially leading to increased job opportunities in the defense sector.
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