Synopsis: Varanium Capital Advisors’ recent investment has put these two companies in the spotlight; the move suggests that the asset management firm sees a potential in their growth stories.
A bulk deal is when a big investor buys or sells a large chunk of a company’s shares during normal market hours. It must be at least 0.5% of the company’s total shares, so the trade is publicly visible. Because these deals are transparent, they often hint at what major investors are thinking. For regular investors, bulk deals act as useful signals to understand market sentiment and spot potential trends.
Here are the two stocks in focus in which Varanium Capital Advisors has acquired stakes:
Supreme Power Equipment ltd
Supreme Power Equipment Limited is a company which is engaged in manufacturing, upgrading, and renovating various types of transformers, such as power transformers, generator transformers, windmill transformers, and more.
With a market cap of Rs 519.82 crore, the shares of Supreme Power Equipment Ltd gained 2.33 per cent in today’s trading session and reached a high of Rs 212.5. When compared to its previous day’s closing price of Rs 207.65, the shares are trading at a PE of 25 compared to its median PE of 28.4 and have given a return of 110 per cent over the last 3 years.
Varanium Capital Advisors, an asset management firm , recently bought 2.4 lakh shares of Supreme Power Equipment Limited by paying an average price of Rs 227.42 per share, aggregating to Rs 5.45 crore.
Salzer Electronics ltd
Salzer Electronics Limited is a company which is engaged in offering total and customised electrical solutions in switchgears, wires & cables and energy management business, and it is also involved in manufacturing CAM-operated rotary switches & wire ducts in India.
With a market cap of Rs 1,350 crore, the shares of Salzer Electronics Ltd fell by 2.6 per cent in today’s trading session and reached a low of Rs 761.40, when compared to its previous day’s closing price of Rs 782.50. The shares have given a return of 170 per cent over the last 3 years.
Varanium Capital Advisors, an asset management firm, have bought 1.6 lakh shares of Salzer Electronics Ltd at an average price of Rs 772.62 each, aggregating to Rs 12.36 crore.
Written by Leon Mendonca.
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