Dear Vikas ji,
What’s your opinion on Zen Technologies now after the not so good Q3 results.
Regards
Check order book : Very dismal — Even margins have come down. Other income has contributed to earnings.
In Anti drone h/w - Zen tech is just assembling. Imports from Taiwan and possibly don’t even own embedded software. Ideally u should prefer an innovator.
Also the R&D team - check LinkedIn profiles around the RD staff - all tier 3 colleges i guess less on experience. Which collaborates the fact that they just assemble and tinker the assembled hardware and software. The CEO is a Bsc grad and great at marketing on TV channels.
I am still holding in profit, lumping of government contracts is a valid concern, nothing extraordinary for the business.
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Vikas ji any new picks in the dip or portfolio remains unchanged
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