This company is facing the same problem E2E was facing.
Product is ready, shop is open but no customer is coming. Same is happening with them, no big order win in last one year, though lots of product launch, and everything is happening.
This choke is reflecting in price movement.
Don’t compare Zen with E2E.
E2E has delivered more than what they promised. Zen has mislead the market to raise money and also to sell down stake.
You think associating Zen to E2E will make Zen stock go up. Not happening.
Can you please explain this.
Thanks
Last they raised money in 2024 and sold stake in 2023 as far as I know
The promoters of Zen Technologies Limited last raised significant primary capital in 2024 and also monetized a small part of their holdings in the same period.
2024 – QIP (Primary fund raise): Zen raised ₹1,000 crore through its first-ever Qualified Institutional Placement (QIP) in August 2024 by issuing new shares to institutional investors.
December 2024 – Promoter stake sale: Promoter and CMD Ashok Atluri sold 10 lakh shares (about 1.11% of equity) via a block deal on 3 December 2024.
Check promoter guidance before fund raise on orders and revenues and see what they delivered.
