New Delhi, Feb. 19 -- Shares of Zen Technologies were locked in the 10% upper circuit limit in trade on Wednesday, February 19, crossing the Rs.1,000 mark to reach Rs.1,069 apiece. This comes as a big relief for the stock, which has been under significant selling pressure in recent sessions, recording its worst period of sustained selloff in recent times.

Today's rise also marks the end of a three-day decline, during which the stock lost 33% of its value. The stock's downtrend began after investor sentiment turned negative following the company's December quarter results, further compounded by brokerage firms trimming their target multiples on the stock.

The company's Q3FY25 revenue rose 53% year-on-year (YoY) to Rs.152.21 crore, while ...