Zen Technologies Shares Fall Over 10% After Weak Q1
Zen Technologies shares tumbled more than 10 per cent after reporting lower revenue, sharper drop in EBITDA and reduced net profit for Q1 FY27.
Mumbai, July 27 (IANS) Shares of Zen Technologies Ltd. fell more than 10 per cent in early trade on Monday after the technology company reported a weak set of earnings for the first quarter of FY27, hurt by lower revenue and a sharp contraction in operating margins.
At around 10:50 am, the stock had plunged as much as 10.39 per cent to an intraday low of Rs 1,585.55 on the BSE. It later pared some losses to trade at Rs 1,688.95, down 4.55 per cent.
The disappointing quarterly performance has shifted investor attention to the company's order book and management's outlook for the rest of the financial year.