Our latest multibagger stock recommendation is Zen Technologies Limited.
Zen Technologies Limited
NSE: ZENTEC – Jan 6, 3:30 PM
CMP: 75.90 INR, Price decrease 3.35 (4.23%)
Zen Technologies Limited is in the field of design, development and manufacturing of training stimulators for the police force and army, paramilitary, other security forces and different government departments like transpprt, mining, infrastructure and civilian market.
In the company 59.44% of shares are held by the promoters, public holds 40.48% shares while a small portion of shares are held by the FIIs. The companies 52-week high is 126.50 while 52-week low is 54.50 while the all time high is 134.45 and all time low is 49.
Yesterday I wrote about another multibagger stock recommendation Intense Technologies after interviewing my old investor friend from Faridabad. Same high networth individual investor friend has recommended me Zen Technologies Limited also. He has in fact sent his financial staffs like CAs to the company to check their result vis-a-vis the earnings.
Now a quick look at the technicals. Zen Technologies Limited is about to generate a buy signal in the weekly charts. The weekly stochastics is in buy mode and steadily rising. Immediate resistance for the stock comes around 125 zone while the stoch has good base at 50 level. We recommend a BUY rating on this stock with a target price of 250 in the coming years.
The multibagger stocks that we discuss in this blog has money mutiplication opportunity. These are multibaggers for long term and needs to be help patiently by the steady investors. Zen Technlogies is one of them.