Zen Technologies: A Multibagger Defence Stock Turning ₹1 Lakh into ₹70 Lakh
₹26 to ₹1825: Multibagger defence stock turns ₹1 lakh into ₹70 lakh in six years
Mint
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Zen Technologies, a leading defence stock in India, has seen its share price soar from ₹25.80 in March 2020 to ₹1,825, transforming an investment of ₹1 lakh into nearly ₹70 lakh over six years. This growth is attributed to strong market performance and recent business developments, including a new arms manufacturing license.
- 01Zen Technologies' share price increased from ₹25.80 to ₹1,825 in six years.
- 02An investment of ₹1 lakh would now be worth nearly ₹70 lakh.
- 03The stock has delivered over 24% gains in the last month.
- 04Zen Technologies received an arms manufacturing license from the Government of India.
- 05The company is positioned to address emerging battlefield challenges with new defence systems.
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Zen Technologies, a prominent player in the Indian defence sector, has demonstrated remarkable growth, with its share price rising from ₹25.80 in March 2020 to ₹1,825 currently. This impressive trajectory means that an investment of ₹1 lakh made six years ago would now be valued at nearly ₹70 lakh. The stock has gained 24% in the past month alone and has surged 28.93% year-to-date in 2026. Notably, Zen Technologies announced on April 17 that it has obtained an arms manufacturing license from the Government of India, allowing it to produce critical weapon systems such as 12.7mm, 23mm, 30mm, and 40mm cannons. These systems are essential for air defence and countering unmanned threats, positioning the company to meet the demands of modern warfare amidst ongoing global conflicts.
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The growth of Zen Technologies could lead to increased job opportunities in the defence sector and enhance India's capabilities in manufacturing critical defence systems.
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