Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, it provides International Retail Banking, Insurance and Financial Services, Global Banking, and Investor Solutions.
As per corporate shareholdings filed for March 31, 2024, Societe Generale publicly holds 7 stocks with a net worth of over ₹1,980 crores.
Here are three small-cap stocks that Societe Generale bought a stake in on June 25, 2024.
Dhani Services Ltd
Dhani Services Ltd is primarily engaged in providing technology enabled subscription based healthcare and transaction finance services through its ‘Dhani’ App. It is also engaged in diverse business activities including Asset reconstruction, stock broking, etc
According to the BSE block deal on June 25, Societe Generale a Foreign Institutional Investor (FII), bought 1,00,00,000 equity shares in the company at an average price of ₹52.08 per share. Meanwhile, Bofa Securities Europe SA sold shares at the same price through a block deal.
Dhani Services Ltd shares have gained 30% in the last six months and 55% in the last 12 months.
The company’s revenue increased by 40 percent year-on-year, from ₹84 crore in Q4FY23 to ₹118 crore in Q4FY24. During the same period, net losses have reduced from ₹198 crore to ₹85 crore.
On Wednesday, Dhani Services Ltd shares were trading at ₹51.37 per share, down 0.45 percent from the previous close price on the exchange. The company has a market capitalization of ₹3,145 crores.
Manappuram Finance Ltd
Manappuram Finance is a Non-Banking Finance Company (NBFC), which offers a wide range of fund-based and fee-based services including gold loans, money exchange facilities, etc.
According to the BSE block deal on June 25, Societe Generale a Foreign Institutional Investor (FII), bought 38,48,759 equity shares in the company at an average price of ₹194.50 per share. Meanwhile, Bofa Securities Europe SA sold shares at the same price through a block deal.
Manappuram Finance Ltd shares have gained 14% in the last six months and 56% in the last 12 months.
The company’s revenue increased by 33 percent year-on-year, from ₹1,776 crore in Q4FY23 to ₹2,360 crore in Q4FY24. During the same period,the net profit has increased by 35% from ₹415 crore to ₹563 crore.
On Wednesday, Manappuram Finance Ltd shares were trading at ₹196.32 per share, up 1.66 percent from the previous close price on the exchange. The company has a market capitalization of ₹16,629 crores.
Ramkrishna Forgings Ltd
Ramkrishna Forgings Ltd is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coaches and engineering parts.It is the 2nd largest forging player in India.
According to the BSE block deal on June 25, Societe Generale a Foreign Institutional Investor (FII), bought 31,17,544 equity shares in the company at an average price of ₹920.75 per share. Meanwhile, Bofa Securities Europe SA sold shares at the same price through a block deal.
Ramkrishna Forgings Ltd shares have gained 25% in the last six months and 101% in the last 12 months.
The company’s revenue increased by 14 percent year-on-year, from ₹892 crore in Q4FY23 to ₹1,023 crore in Q4FY24. During the same period,the net profit has increased by 38% from ₹68 crore to ₹94 crore.
On Wednesday, Ramkrishna Forgings Ltd shares were trading at ₹908.25 per share, down 1.18 percent from the previous close price on the exchange. The company has a market capitalization of ₹16,6419 crores.
Written by Omkar Chitnis
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
