BlackRock, Inc. is the world’s largest asset management firm engaged in offering a wide range of investment management, risk management, and advisory services. It is also a significant shareholder in many large companies, with a great influential position in the global financial market.
Listed below are stocks held by BlackRock trading at a discount of upto 30 percent that you can add to your watchlist
Syrma SGS Technology
Syrma SGS Technology Limited is an engineering and design company engaged in electronics manufacturing services. It provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization.
With a market capitalization of Rs. 9,844 Crores, the shares of Premier Energies Limited were trading at Rs. 552.50 per equity share, up 2.6 percent from its previous day’s close price of Rs. 538.40.
Syrma SGS Technology Limited hit its 52-week high price of Rs. 646.50 on January 6 2025 and Compared with its current market price of Rs. 552, it is trading at a discount of 15 percent.
Blackrock Global Funds – India Fund holds a 1.34 percent stake consisting of 23.86 Lakh equity shares in Syrma SGS Technology Limited.
Its revenue from operations grew by 16.95 percent from Rs. 720.63 Crores in Q2FY24 to Rs. 842.77 Crores in Q2FY25, accompanied by profits of Rs. 28.35 Crores to Rs. 36.24 Crores.
Premier Energies
Premier Energies Limited is an integrated player in the solar ecosystem that manufactures and supplies integrated solar cells and solar panels. Its product portfolio includes Cell, Solar Modules, Monofacial and Bifacial, modules, EPC Solutions, and O&M Solutions.
With a market capitalization of Rs. 52,695 Crores, the shares of Premier Energies Limited were trading at Rs. 1,169 per equity share, up 2 percent from its previous day’s close price of Rs. 1,146.20.
Premier Energies Limited hit its 52-week high price of Rs. 1,387.10 on December 17 2024 and Compared with its current market price of Rs. 1,169, it is trading at a discount of 16 percent.
BlackRock Institutional Trust Company managed National Pension Service has made investments worth ~Rs 29.74 Crores in Premier Energies Limited during its IPO through the anchor book
Its revenue from operations grew by 120 percent from Rs.694 Crores in Q2FY24 to Rs. 1,527 Crores in Q2FY25, accompanied by profits of Rs. 53 Crores to Rs.206 Crores.
TeamLease Services
TeamLease Services Limited is engaged in the business of employment-related services. It provides solutions for staffing, recruitment, training, payroll processing, and regulatory compliance.
With a market capitalization of Rs. 4,499 Crores, the shares of TeamLease Services Limited were trading at Rs. 2,682.95 per equity share, down 0.86 percent from its previous day’s close price of Rs. 2,706.10.
TeamLease Services Limited hit its 52-week high price of Rs. 3,692.45 on May 22 2024 and Compared with its current market price of Rs. 2,682.95, it is trading at a discount of 27 percent.
Blackrock Global Funds – India Fund holds a 1.58 percent stake consisting of 2.64 Lakh equity shares in TeamLease Services Limited
Its revenue from operations grew by 22.83 percent from Rs. 2,285.64 Crores in Q2FY24 to Rs. 2,807.52 Crores in Q2FY25, accompanied by profits of Rs. 27.27 Crores to Rs. 24.58 Crores.
Waaree Energies
Waaree Energies Limited is the largest solar PV modules manufacturer in India. It has a wide product portfolio of solar energy products that consists of Multicrystalline modules Monocrystalline modules and TopCon modules include flexible bifacial modules as well as building-integrated photovoltaic (BIPV) modules.
With a market capitalization of Rs. 75,986 Crores, the shares of Waaree Energies Limited were trading at Rs. 2,645 per equity share, up 1.36 percent from its previous day’s close price of Rs. 2,609.55.
Waaree Energies Limited hit its 52-week high price of Rs. 3,740.75 on November 6 2024 and compared with its current market price of Rs. 2645, it is trading at a discount of 30 percent.
BlackRock Institutional Trust Company managed National Pension Service has made investments worth ~Rs. 31.75 Crores in Waaree Energies Limited during its IPO through the anchor book.
Its revenue from operations grew by 1.05 percent from Rs. 3,537 Crores in Q2FY24 to Rs. 3,574 Crores in Q2FY25, accompanied by profits of Rs. 320 Crores to Rs. 376 Crores.
Written by: Bharath K.S
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