Market experts have an eye on this defense stock, this stock has increased by 140% in a month

Multibagger Stock: After the Central Government’s Rs 120 crore production-linked scheme or PLI scheme for drone manufacturing companies, stock market experts are highly bullish on Zen Technologies shares. Experts say that Zen Technologies is the only drone manufacturer, which is listed in the Indian market.

Experts are of the view that this defense stock has already increased by about 140 percent in the last one month after the announcement of liberal drone rules by the central government. However, he said that after some profit-booking, the multibagger stock can go up to Rs 250.

Stock market experts say, “This ₹120 crore PLI scheme for drone manufacturing companies is for 5 years and will have a long-term impact on the company. Hence, one should not think that it will have an immediate impact. Impact on share price. The stock has already gained around 140 per cent in the last one month and hence there is a strong wait for profit booking over the counter. Investor should wait for profit-booking and then new over the counter for medium to long term Must know purchase status.

However, the status of a single listed drone manufacturing company of Zen Technologies is going to end soon. Because in some time Paras Defense IPO is going to come. Paras Defense is also into drone manufacturing.

According to experts, the financial position of Zen Technologies is very strong as the company has doubled its order book in the last two months (July to August 2021) after receiving an order of Rs 155 crore from the Indian Air Force in August 2021.

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