Almost all traders are familiar with the term “Multibagger”. There are many inspirational examples of multibagger stocks. The article is about a multibagger stock recommendation on Zen Technologies Limited. Just go through the analysis of the company so that you can sure about your investment. Let’s start with the share price details of the company.
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 simulators for the police force and army, paramilitary, other security forces and different government departments like transport, mining, infrastructure and civilian market.
In the company 59.44% of shares are held by the promoters, the public holds 40.48% shares while a small portion of shares is 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 net-worth 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 zones while the stock has a 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 have money multiplication opportunity. These are multi-baggers for the long term and needs to help patiently by the steady investors. Zen Technologies is one of them.
Indrajit is a professional blogger and trading system developer. Amibroker expert, WordPress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.