Brokerage firm Choice Institutional Equities has reiterated its "Buy" rating on Zen Technologies, a defence and aerospace company, citing strong fundamentals and a healthy order pipeline. In its report dated October 28, the brokerage maintained a target price of Rs 2,150 per share, implying a potential upside of 60 per cent from the current market price of Rs 1343.50 Advertisement

The positive outlook comes despite a muted quarter. The brokerage noted that ZEN delivered a "steady Q2FY26 performance with margin holding firm despite a softer topline." For the quarter, revenue stood at Rs 1,736 million, down 28.2 per cent year-on-year, while Profit After Tax (PAT) came in at Rs 619 million, beating the brokerage’s estimates by 12.5 per cent.

Choice Institutional Equities described the curr

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