Antique initiates buy call on Zen Technologies shares despite 43% fall in 1 year, sees 31% upside

Brokerage firm Antique Stock Broking has initiated coverage on Zen Technologies for a price target of Rs 1,866, and the stock offers an upside of 31%. The smallcap counter is a fundamental pick, which is valued at 32X 1HFY28E EPS.

The brokerage firm, in a note, said that Zen Technologies shares are well-positioned to capitalise on the strong growth potential in the Anti-Drone Systems (ADS) space. The company possesses in-house capabilities in core components of an effective ADS and has an edge in both soft as well as hard-skill solutions, the note said.