Mukul Agrawal books profit in multibagger drone stock Zen Technologies. Do you own?

  • Multibagger stock: Mukul Agrawal's name is missing from the shareholding pattern of Zen Technologies for Q1FY25

Asit Manohar
Updated11 Jul 2024, 10:53 AM IST
Multibagger drone stock Zen Technologies hare risen over 19205 in the last five years.
Multibagger drone stock Zen Technologies hare risen over 19205 in the last five years.

Mukul Agrawal portfolio: Zen Technologies shares are one of the multibagger stocks the Indian stock market has delivered in recent years. However, ace investor Mukul Agrawal is no more bullish on this multibagger drone stock that has surged more than 175 percent in one year. According to the shareholding pattern of Zen Technologies Ltd for the April to June 2024 quarter, Mukul Agrawal's name needs to be added to the list of individual shareholders.

Mukul Agrawal's shareholding in Zen Technologies

As mentioned above, Mukul Agrawal's name is missing from the list of individual shareholders in the drone maker company's shareholding pattern for Q1FY25. In the previous quarter, the ace investor of the Indian stock market owned 10,00,765 Zen Technologies shares, which was 1.19 percent of the company's total paid-up capital. This means Mukul Agrawal, known for his value investing strategy, booked profit in this multi-bagger stock during the recently ended June 2024 quarter.

The mystery of Mukul Agrawal's shareholding in Zen Technologies adds a layer of intrigue. It's unclear whether he completely offloaded his shares or merely reduced his stake to below one percent. As per exchange rules, a listed company must disclose the names of shareholders with a one percent or more stake, leaving us in suspense about Mukul Agrawal's current position. This rule is in place to ensure transparency and to keep investors informed about significant shareholders.

Zen Technologies share price history

The share price history of Zen Technologies underscores the potential for profit or loss. In just one month, the shares surged from around 995 to 1335, a 35 percent increase. Over the last six months, the price has risen from around 762 to 1335, a 75 percent increase. For the year to date, the stock has delivered a 70 percent return, highlighting the potential for significant gains or losses for shareholders and the need for careful consideration.

In one year, Zen Technolgoies shares have risen from nearly 480 to 1,335 per share, marking a significant rise of more than 175 percent. In the last five years, this multi-bagger drone stock has skyrocketed over 1920 percent, underlining the substantial growth potential.

Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.

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$5 M

394,000

$112 B

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₹12,300 Cr

$136 M

First Published:11 Jul 2024, 10:53 AM IST
HomeMarketsStock MarketsMukul Agrawal books profit in multibagger drone stock Zen Technologies. Do you own?

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