With a market capitalization of Rs 3,780 crores, the stocks of TD Power Systems Limited are trading in the green today and currently are available for Rs 242. The scrip witnessed an intra-day high of Rs 244.65 indicating a gain of around 10 percent compared to the previous closing levels of Rs 223.20. The same price is also recorded as the stock’s fresh 52-week high mark.
Keeping a purview of one year, the stock has delivered multibagger returns of 160 percent. It means if someone would have invested Rs 1 Lakh into the stock, it would have converted to Rs 2.60 Lakhs within a period of one year,
Such bullish sentiments in the stock prices are observed after the TD Power Systems’s Promoters plan to offload over 37 million shares, equating to a 24 percent stake in the company. The shares are expected to be sold at a discount of over 4 percent to Thursday’s closing prices.
According to the data available for the March 2023 quarter, the Promoters hold a 58.45 percent stake, which, on successful completion of the sale, will be brought down to 34.45 percent.
Domestic Institutional Investors (DIIs) have shown their interest in the entity and the same can be seen with improvements in the holdings. As of the March 2023 quarter, they hold around 15 percent stake which is an increase from around 11 percent of holdings during the quarter ending December 2022.
Digging into the financials reported by the company, the fundamental parameters representing a smooth flow of business such as the operating revenues and net profits consistently increased in the last few years. Operating revenues showed a movement from Rs 797 crores during FY21-22 to Rs 872 crores in FY22-23, and, net profits, in alignment, took a shift from Rs 70 crores to Rs 96 crores.
TD Power Systems Limited is involved in manufacturing generators for gas turbines, diesel engines, hydro turbines, etc. Moreover, it also focuses on the manufacturing process pertaining to generators for solar thermal & geothermal applications. Geographically, the company serves customers within as well as outside India.
Written by Amit Madnani
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.
