Zen Technologies Hits Upper Circuit After Entering Drone Space!

What happened? Zen Technologies' stock hit a 5% upper circuit today (₹1,944.6) after it announced a big move — stepping into the UAV (drone) business! How? Zen acquired a majority stake in TISA Aerospace, a startup that makes indigenous drones and loitering munitions. ➡️ Deal size: ₹6.56 crore ➡️ TISA's FY25 revenue: ₹1.81 crore ➡️ Credibility: Already delivered a project for DRDO. Why it matters: Zen has mainly focused on defence training systems and anti-drone tech. With this move, it's expanding into full drone manufacturing, a fast-growing and strategic sector in defence. What’s next for Zen? • Order book as of March 2025: ₹691.94 crore • Revenue target (FY26–FY28): ₹6,000 crore • FY26 new orders target (H1): ₹800 crore • Aims for 50% annual growth over 3 years. Stock status: • Still down ~20% in 2025 so far • But up 40% in the last 3 months In short: Zen is evolving fast — from a training systems player to a full-spectrum defence tech company, now entering India’s rising drone market. Investors are watching closely!