Zen Technologies shares surged sharply after the company secured a government licence to manufacture arms and weapon systems, lifting investor sentiment and driving strong buying in the stock.
The defence technology company’s shares rose as much as 11% during trade, extending their recent rally. Over the past month, the stock has climbed around 33%, making it one of the stronger performers in the defence space.
Zen Technologies said it has received approval under the Arms Act, allowing it to manufacture 12.7mm, 23mm, 30mm and 40mm cannons. These systems are widely used in air defence, naval operations and anti-drone applications.
The development is seen as an important milestone for the company, which has so far been known mainly for defence training simulators and combat solutions. With this licence, Zen Tech can now expand into weapons manufacturing and tap larger opportunities in India’s defence sector.
Investors responded positively as the approval opens a new business segment and strengthens the company’s long-term growth story. The stock has also gained more than 17% in the last five trading sessions, showing continued momentum after the announcement.
Zen Technologies has benefited from India’s push for defence self-reliance and higher local manufacturing.
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