Multibagger drone stock crashes 25% in 3 months, 47% from recent peak. Do you own it?

Shares of Zen Technologies, a drone equipment manufacturer, have been sliding steadily in recent months without any signs of a pullback, as investor sentiment towards the counter remains weak amid the company’s poor performance in recent quarters, driven by a slowdown in order inflows, making a once high-flying stock struggle to regain momentum.

Over the last three months, the shares have lost 25% of their value to ₹1,420, including a sharp 26% decline in July, while the weak trend has persisted in August so far. The latest fall has dragged the stock down 47% from its recent peak of ₹2,627 apiece, making it one of the worst performers in the defence sector in 2025.