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A project of our size needs at least a few hundred million dollars per year to keep going,β Mr. Durov wrote in his public channel on Telegram late last year. βWhile doing that, we will remain independent and stay true to our values, redefining how a tech company should operate.
However, analysts are positive on the stock now. βWe have seen a huge downside movement in the stock due to the central electricity regulatory commissionβs (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
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