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The development follows Zen’s decision to acquire a majority stake in TISA Aerospace Pvt. Ltd. for ₹6.56 crore, marking its formal entry into the UAV and loitering munitions market.
Garden Reach Shipbuilders, Zen Technologies, and Cochin Shipyard saw their stock prices rise between 4% and 6% during Friday’s trade.
The December 2024 quarter net profit of ₹40 crore is indicative of the company's financial strength.
They will collaborate for the design of innovative defense solutions for the forces and for commercial application by the emergency responders.
The system replicates actual battlefield and operation conditions with artificially intelligent responses from the targets, providing an effective simulation.
Here are some of the stocks that may see significant price movement today: Vedanta, Uno Minda, Reliance Power, etc.
According to sources, the offering is priced at ₹1,601 per share, which is 10.2% lower than the closing price and 5% lower than the floor price.
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