If more than 0.5% of a company’s equity shares are traded in a single or numerous transactions, it is considered to be a bulk deal. This small-cap stock on Thursday gains up to 5% after UK-based FII bought 17.4 lakh shares via a bulk deal.
Tarson Products Ltd
Tarson Products Ltd is a small-cap company, with a market capitalisation of Rs. 2,909 Cr. On Thursday stocks rose upto 5%, At 11:00 a.m., stocks are trading 3.2% up at Rs. 543.95 on NSE.
According to the NSE bulk deal data, Plutus Wealth Management LLP bought 17.4 lakh shares which is 3.27% of equity, at Rs. 530. The entire stake was sold by small players and retailers.
As per the company filing, total revenues declined by 9% from Rs. 71.3 Cr in Q1 FY23 to Rs. 64.8 Cr in Q1 FY24 and net profit decreased by 53% from Rs. 20.3 Cr in Q1 FY23 to Rs. 9.5 Cr in Q1 FY24. EPS stood at Rs. 1.80.
As per the latest shareholding information, Promoters hold 47.31%, FIIs hold 8.64%, DIIs hold 7.38% and Public hold 36.67% stake in the company.
Tarsons Products Ltd is a life science company. It produces a variety of high-quality labware products that progress scientific research and enhance healthcare infrastructure. Consumables, reusables, and others are three primary categories into which the company’s product line is divided. Geographically, India is where the company gets the majority of its income.
Written by Sheshadri N
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