Not sure, and Bharat Bhushan is different domain altogether. LML is defence. He had 1 lac share earlier, This time he topped up via warrants - just like promoter. So that's different.
Promoters took warrants at 180 this time.
Earlier they had taken at 240, just before ofac sanction. Stock then was 400+.
Just sharing information so you know all.
Look into recent defence orderbook of past 6-8 months too.
Not sure, and Bharat Bhushan is different domain altogether. LML is defence. He had 1 lac share earlier, This time he topped up via warrants - just like promoter. So that's different.
Promoters took warrants at 180 this time.
Earlier they had taken at 240, just before ofac sanction. Stock then was 400+.
Just sharing information so you know all.
Look into recent defence orderbook of past 6-8 months too.
You may also check Ashok Alturi of Zentech also invested along with Zenilla ventures.
You shall mention guns orders and product offerings.
Big defence order would change lots.
Post ofac, many changes. Cost cutting. New group cfo who worked at great CNC company and also worked with Mahindra for decades 1.5
Also appointed director ex drdo chairman. It will help get orders.
Defence gun company at 600-700 company market Cap. For now licence to make guns is bigger.
Zentech could remain in software and outsource hardware and cnc work to lokesh. (May be). Holding bigger/same chunk than Zenilla.
Ashok Alturi being the promoter of ZenTech, once invested and exited Bharat Bhushan, though a tiny micro one BUT I'm tracking~~
ZenTech is my otherwise favorite one n traded a lot, studies Altiri’s also but can not recollect why left the idea BUT I ll visit once again
Thanks for ur update n sharing
New one... added to watchlist n syllabus (for study)...🙂
Let it come for retesting ~~
Definitely