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ICICI Securities advises a buy on Zen Technologies with a revised target price of Rs 1,970, down from Rs 2,535. Zen Technologies’ Q3FY25 EBITDA matched guidance but order inflow targets have shifted to H1FY26. Strategic investments and acquisitions were announced. Promoters hold 49.05% stake, while FIIs and DIIs own 8.29% and 8.97% respectively.
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