Zen Technologies has delivered remarkable multibagger returns, transforming a ₹1 lakh investment made in March 2020 into nearly ₹70 lakh over six years. According to reports from Hindustan Times, the stock's journey from ₹25.80 in March 2020 to ₹1,825 on NSE represents one of the most impressive performance stories in the defence sector. The stock has delivered multibagger returns of 471.69% in three years and 2,257.28% in five years, significantly outperforming broader market indices.
Zen Technologies shares surged as much as 6% in Tuesday's trading session, opening at ₹1,659 compared to the previous close of ₹1,643.90 on Monday. As reported by Hindustan Times, the stock touched an intraday high of ₹1,825 on April 21. The defence stock has demonstrated strong momentum with over 24% gains in a month and 18.58% in a year. In year-to-date performance, the scrip has surged 28.93% since the beginning of 2026, rising from ₹1,355.10 to the current market level.
On April 17, Zen Technologies announced receiving an arms manufacturing licence from the Government of India under the Arms Act, 1959. According to the company's press release, the licence authorises manufacturing of 12.7mm, 23mm, 30mm, and 40mm cannons, critical weapon systems with strong applicability in Air Defence, naval operations and Counter-Unmanned Aircraft System (C-UAS) roles. These rapid-fire cannons serve as highly effective last-layer defence solutions against drones, loitering munitions, and low-flying aerial threats, providing highly responsive and cost-effective protection for strategic assets and critical infrastructure.
The stock's performance has remained positive despite weak market sentiments due to heightened interest in defence names amid the US-Iran war. As reported by Hindustan Times, the defence sector has benefited from ongoing global conflicts where drones, loitering munitions, and asymmetric aerial threats are increasingly prevalent. Zen Technologies is positioned to address emerging battlefield challenges with Indiacentric, cost-effective air defence solutions, equipping the company to serve critical defence requirements in the current geopolitical environment.
