Monday, 7 July 2014

Zen Technologies gains on getting rating reaffirmation for banking facilities by CRISIL

Zen Technologies is currently trading at Rs. 123.00, up by 1.10 points or 0.90% from its previous closing of Rs. 121.90 on the BSE.
The scrip opened at Rs. 127.85 and has touched a high and low of Rs. 127.85 and Rs. 123.00 respectively. So far 692 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.90 on 04-Jun-2014 and a 52 week low of Rs. 51.30 on 28-Jan-2014.
Last one week high and low of the scrip stood at Rs. 121.90 and Rs. 107.00 respectively. The current market cap of the company is Rs. 94.91 crore.
The promoters holding in the company stood at 59.52 % while Institutions and Non-Institutions held 0.16 % and 40.32 % respectively.
Credit rating agency, CRISIL has reaffirmed ‘BB+/Stable’ rating to long term bank facilities of Zen Technologies. The rating agency has also reaffirmed ‘A4+’ rating for the company’s short term bank facilities.
The ratings on the bank facilities of the company continues to reflect the group’s established presence in the defence training simulators industry supported by its managements’ extensive industry experience and established relations with customers.
Zen Technologies, over the years, has developed expertise in designing, developing and manufacturing various types of simulators. The products developed in-house not only meet all qualitative standards but also are cost-effective. Zen has an ISO 9001:2008 (QMS), ISO 27001:2005 (ISMS) Certification and is a CMMI Level 3 company.

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