New Delhi, Feb. 18 -- Shares of Zen Technologies, a leader in defence simulation and anti-drone technology, declined for the third session today, February 8, recording a 10% drop to hit an 8-month low of Rs.976 apiece.

In the previous trading session, the stock reached the 20% lower circuit limit as the company's December quarter performance failed to excite investors. A drop in its order book and a fall in core profit margins dented investor sentiment, leading the once high-flying stock to touch multi-month lows.

The company's revenue from operations during the December quarter (QFY25) stood at Rs.152.21 crore, reflecting a 53% year-on-year (YoY) increase, while EBITDA rose to Rs.66.24 crore from Rs.46.73 crore. However, margins droppe...