Sansera Engineering

The uptick in the stock price came after the company announced that it has signed a memorandum of understanding (MoU) with Karnataka Udyog Mitra for acquisition of 55 acres of industrial land.

The brokerage's positive outlook is based on Sansera's strong engineering capabilities, which enable it to broaden its market reach both in terms of products and geographic presence.

A promoter group entity of Adani Transmission on Friday divested its entire 3.04 per cent stake in the firm for Rs 2,666 crore through an open market transaction. Following the stake sale, Fortitude Trade and Investment, a promoter group entity of Adani Transmission exited from the firm by offloading more than 3.39 crore shares of the firm. According to the bulk deal data available with the National Stock Exchange (NSE), Fortitude Trade and Investment disposed of 3,39,17,200 shares, amounting to 3.04 per cent stake in Adani Transmission. The shares were sold at an average price of Rs 786.17 apiece, taking the transaction value to Rs 2,666.46 crore. As of March 2023, the promoter shareholding has been reduced to 68.61 per cent from 71.65 per cent. Goldman Sachs Trust II - Goldman Sachs GQG Partners International Opportunities Fund and GQG Partners Emerging Markets Equity Fund acquired more than 2.13 crore shares of Adani Transmission at an average price of Rs 786.19 per share. Thi

Around 7.45 million shares, representing 14.08 per cent of the total equity of Sansera Engineering, have changed hands on the NSE

Sansera Engineering on Tuesday said its consolidated net profit dipped five per cent to Rs 35.42 crore in the March quarter. The consolidated net profit of the company was Rs 37.36 crore in the quarter ended on March 31, 2022, a company statement said. Total income increased to Rs 623.04 crore in the quarter under review, from Rs 580.82 crore in the same period a year ago. However, the consolidated net profit in the fiscal 2022-23, grew 12 per cent to Rs 148.34 crore, from Rs 131.89 crore in the same period in 2021-22. The total income rose to Rs 2,356.11 crore in the fiscal ended March 31, from Rs 2,004.53 crore in 2021-22. The board of directors has recommended a dividend of 125 per cent of the face value of Rs 2.50 per equity share for FY'23. "We finished another year with our best-ever performance with a topline of Rs 23,561 million and 16.8 per cent EBITDA. The momentum is expected to continue as we start the current fiscal year with a solid order book for Rs 13,279 million,

The stock dipped 9% to Rs 681.20 and was below its issue price of Rs 744 on the BSE.

Post listing, the stock moved higher to Rs 828, up 11 per cent over its issue price on the BSE