The Government of Singapore, led by the Prime Minister, operates within a parliamentary system characterized by a strong executive branch. Renowned for its efficiency and transparency, Singapore’s government is structured to ensure political stability, economic growth, and social cohesion, with a focus on meritocracy, pragmatism, and long-term planning.
Here are the stocks in which the Government of Singapore made a fresh investment in Q2FY25.
Kalyan Jewellers India Ltd
Kalyan Jewellers India Limited is an India-based jewelry shop that sells gold, diamond, pearl, white gold, gemstone, platinum, and silver jewelry. The company’s brands are Mudhra, Anokhi, Rang, Vedha, Tejasvi, Apoorva, Ziah, Laya, and Glo.
With a market capitalization of Rs 73,325.77 crore, the shares were trading at Rs 711.05 per share, decreasing around 2.30 percent as compared to the previous closing.
Government of Singapore bought 20,160,846 equity shares which is equivalent to 2 percent of the company as of September 2024.
The company’s revenue stood at Rs 5,535 crore in Q1FY25, during the same time frame, net profit stood at Rs 178 crore.
Divi’s Laboratories Ltd.
Divi’s Laboratories Limited manufactures and sells active pharmaceutical ingredients (APIs), intermediates, and nutraceutical ingredients, mostly for export. Bupropion HCl, Capecitabine, Carbidopa, Diltiazem HCl, and Dextromethorphan Base are among the drugs offered by the company.
With a market capitalization of Rs 1.60 lakh crore, the shares were trading at Rs 6,054.85 per share, decreasing around 0.36 percent as compared to the previous closing.
Government of Singapore bought 4,687,501 equity shares which is equivalent to 1.8 percent of the company as of September 2024.
The company’s revenue stood at Rs 2,118 crore in Q1FY25, during the same time frame, net profit stood at Rs 430 crore.
Castrol India Ltd.
Castrol India Limited is a lubricants firm. The company’s primary activity is to manufacture and distribute automotive and industrial lubricants, as well as provide associated services. Its geographical segments are India and Outside India.
With a market capitalization of Rs 21,617.27 crore, the shares were trading at Rs 218.55 per share, decreasing around 1.04 percent as compared to the previous closing.
Government of Singapore bought 17,311,409 equity shares which is equivalent to 1.8 percent of the company as of September 2024.
The company’s revenue stood at Rs 1,398 crore in Q1FY25, during the same time frame, net profit stood at Rs 232 crore.
Written by:- Abhishek Singh
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