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This defense stock has given multibagger returns in the last 6 months, experts claim – continue even further

Multibagger stock: Zen Technologies is the only listed drone manufacturer. After the announcement of Liberal Drone Making Policy by the Central Government, the stock of the company is moving upwards. In fact, it is one of the multibagger stocks in the last six months. According to stock market experts, this defense stock may go higher as both fundamentals and technical chart patterns are indicating a sharp rise in the upcoming sessions.

According to stock market experts, this defense company has done some wholesale deals recently, while some mutual funds have invested in the company. It has registered a growth of 7.5 per cent in net profit in the September 2021 quarter. It recently got its first export order in lime simulation worth Rs 35 crore.

According to a stock market analyst “In the last three months, the company has witnessed all such developments which pave the way for the stock to become a quality stock. Recently, it has got its first export order, in Q2FY22 in net profit. 95 crore. However, the major trigger for the stock is the recent announcement of liberal drone policy by the central government. It is the only listed company in India to have the technology to make a drone. Recently listed Paras Defense Has said that it will also make drones in future but at present Zen Technology is the only listed company that manufactures drones.So, one can add this stock to their portfolio as the drone policy of the central government will also make this multibagger stock in the next financial year. going to take it forward.”

According to another expert, “This Multibagger Defense stock has strong support at ₹175 to ₹180 levels. One can buy the stock at current levels of ₹240 to ₹250 with a one-month target, Stop Loss ₹175 per share level. Any major downside in the stock should be accumulated as it is looking highly positive on the chart pattern.”

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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