Zen Technologies share price drops another 10% to hit 8-month low, down 60% in less than 2 months

Shares of Zen Technologies, a leader in defence simulation and anti-drone technology, declined for the third session today, February 8, recording a 10% drop to hit an 8-month low of ₹976 apiece.

In the previous trading session, the stock reached the 20% lower circuit limit as the company’s December quarter performance failed to excite investors. A drop in its order book and a fall in core profit margins dented investor sentiment, leading the once high-flying stock to touch multi-month lows.