Multibagger stock: Shares of defence stock Zen Technologies have been on a tear, hitting upper circuits for eight straight sessions, logging a nearly 48% rise during this period. The rally can be attributed to the rise in drone stocks following Operation Sindoor and strong performance by the company during the March 2025 quarter.
However, despite these favourable factors, leading domestic brokerage Motilal Oswal Financial Services has downgraded the stock to ‘neutral’ from ‘buy’.
