Zen Technologies Stock Decline – December 3, 2024

Stock Performance:

  • Decline: Over 7% in early trading on December 3, 2024.
  • Block Deal Impact: A block deal worth ₹386 crore triggered the drop.
    • Shares Traded: Approximately 21.4 lakh shares (2.55% of the company’s equity).
    • Price Per Share: ₹1,800, representing a 5.9% discount to the prior day’s closing price.
  • Recovery: By 10:45 AM, the stock partially recovered to ₹1,826.1 per share, still down 4.5% on the NSE.
  • This large-scale transaction exerted downward pressure on the stock.However, by mid-morning, the stock showed signs of recovery, trading at ₹1,826.1 per share on the NSE, although still down 4.5%.