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Here's why Zen Tech, other defence shares surged up to 11% in trade todayThe Nifty India Defence Index is currently trading 1.3% higher, with stocks such as Data Patterns, Astra Microwave, Garden Reach Shipbuilders, MTAR Tech, trading with gains between 2.5% to 4%.By Shloka Badkar   April 21, 2026, 10:58:52 AM IST (Updated)2 Min Read(Photo Credit : The Turkish Ministry of National Defence reported no casualties in the downing of the missile [File: Khalil Hamra/AP Photo])Shares of Zen Technologies Ltd. gained as much as 11% on Tuesday, April 21, as the company moves into the defence hardware business.

The company's chairman and managing director Ashok Atluri on Monday told CNBC-TV18 that hardware will be an integral part of the company's future growth. He said the company's is targeting 35% EBITDA margin for the hardware products business.

He said the new product line will not be very capex heavy and the new weapon systems will create an independent revenue line for the firm.

Atluri said he can also see a 50:50 revenue split between simulators and anti-drone hardware systems going forward. He added that the company is expecting to achieve ₹4,000 crore in revenue cumulatively over the next three years.

Along with Zen Tech, other defence stocks such as Astra Micro, Data Patterns, MTAR Tech, Garden Reach Shipbuilders, Mazagon Dock Shipbuilders, Solar Industries, Bharat Dynamics were trading with gains as well on Tuesday, ahead of Union Defence Minister Rajnath Singh's three-day visit to Germany starting today.

The defence ministry said Singh's visit is to further strengthen the strategic defence partnership between the two countries.

During the visit, Singh is scheduled to hold bilateral talks with his German counterpart Boris Pistorius and other senior leaders of the government to discuss enhancing defence industrial collaborations, strengthening military-to-military engagements, and exploring opportunities in emerging domains such as cyber security, AI and drones, the ministry said.

Zen Tech shares gained 11% to hit an intraday high of ₹1,825 per share on Tuesday. The stock was up 6.5% at ₹1,750 apiece. It has gained 29% in the past month.

The Nifty India Defence Index is currently trading 1.3% higher, with stocks such as Data Patterns, Astra Microwave, Garden Reach Shipbuilders, MTAR Tech, trading with gains between 2.5% to 4%.

Also Read: Nestle India Q4 Results: Stock at day's high ahead of earnings; Volume growth of up to 11% seenContinue ReadingFirst Published: Apr 21, 2026 10:49 AM ISTTagsData Patterns share pricedefence stocksGarden Reach ShipbuildersMTAR TechnologiesRajnath Singhshare market todayZen Technologies