Business Business: Shares of drone maker Zen Technologies rose on Friday despite weakness in the market. On the last trading day of the week, the stock closed at Rs 1,703.85. This represents a rise of 2.21% from the closing price of the previous day. At the same time, during trading, the stock touched the level of Rs 1,724.80. Let us tell you that this stock also rose on Thursday. The all-time high of this stock is Rs 1,969.85. This price was in August this year. The 52-week low of the stock is Rs 650. This price was in October 2023.
Zen Technologies share price rose after the company’s announcement. The company has launched remote controlled weapons and surveillance systems to strengthen India’s defense capabilities. Last Thursday, the company announced in a statement that Zen Technologies, a leading provider of counter-drone technology and defense training solutions, has partnered with its subsidiary AI Turing Technologies to introduce four revolutionary remote weapon control and surveillance systems. The company said these modern innovations have the potential to redefine warfare and strengthen India’s defence capabilities.
The recently introduced systems include RCWS – 7.62x51mmG (Parasha), Tank RCWS – 12.7×108 HMG (Fanish), Naval RCWS – 12.7×99 HMG (Sharur) and Artillery Protected Camera (Durgam). The RCWS-7.62x51mmG (“Parash”) is a versatile remote-controlled weapon system with advanced thermal imaging and anti-drone capabilities, optimised for vehicles and ships. Similarly, the RCWS-12.7×108 (Fanish) tank machine gun with thermal guidance system enhances the firepower of T-72 and T-90 tanks. Meanwhile, the RCWS – 12.7×99 HMG (Sharur) is ideal for engaging ground and aerial threats at ranges up to 2 kilometres.
