Listed below are some of the stocks that soared upto 6 percent in the day’s trade after Foreign Institutional Investor Legends Global Opportunities (Singapore) PTE. LTD picks stake in them through bulk/block deals.
Hinduja Global Solutions
Hinduja Global Solutions Limited is engaged in the business process management (BPM). It offers voice and non-voice-based services such as contact center solutions and back-office transaction processing and many more across the globe
Price Action
With a market capitalization of Rs. 4,404 Crores, the shares of Hinduja Global Solutions Limited were trading at Rs. 947 per equity share, up 5 percent from its previous day’s close price of Rs. 905.20.
What Happened
Foreign Institutional Investor Legends Global Opportunities (Singapore) PTE. LTD has purchased ~7.11 Lakh equity shares of Seamec Limited at an average price of Rs. 885.11 per equity share, while New Leaina Investments Limited has sold ~3.64 Lakh equity shares at an average price of Rs. 906.84 per share.
Financials and Ratios
Its revenue from operations declined by 3.6 percent from Rs. 1,133 Crores in Q1FY24 to Rs. 1,092 Crores in Q1FY25, accompanied by profits of Rs. 17 Crores to Rs. 162 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 1.64 percent and a Return on capital employed (ROCE) of 3.02 percent. It has reported a debt-to-equity ratio of 0.28.
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Seamec
Seamec Limited is engaged in providing oilfield services and diving support vessels (DSV) it operates multi-support vessels for providing support services including marine, construction, and diving services to offshore oilfields and bulk carrier vessels for providing bulk carrier services. It has also ventured into diversified tunnel construction projects.
Price Action
With a market capitalization of Rs. 3,866 Crores, the shares of Seamec Limited were trading at Rs. 1,520.65 per equity share, up 1.6 percent from its previous day’s close price of Rs. 1,497.65. It has delivered a return of 145 percent in a year.
What Happened
Foreign Institutional Investor Legends Global Opportunities (Singapore) PTE. LTD has purchased 2.79 Lakh equity shares of Seamec Limited while Nomura Singapore Limited has sold the same at an average price of Rs. 1,500 per share.
Financials and Ratios
Its revenue from operations grew by 1.62 percent from Rs. 212 Crores in Q1FY24 to Rs. 215 Crores in Q1FY25, accompanied by profits of Rs. 26 Crores to Rs. 50 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 13.8 percent and a Return on capital employed (ROCE) of 12.5 percent. It has reported a debt-to-equity ratio of 0.36.
Written by: Bharath K.S
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