A notable bulk deal took place today involving a recently listed energy firm on the SME Platform. The transaction drew attention due to its timing shortly after the company’s IPO.
Price action
With a market capitalization of Rs.168 crores on, the shares of ATC Energies System rose by, making a high of Rs. 85 per share compared to its previous closing price of Rs.81.60 per share.The stock 52 week high is Rs. 107,and 52 week low is Rs. 78.75.
What Happened
ATC Energies System Ltd engaged in the manufacturing and supply of lithium-ion batteries, recently experienced a bulk deal, in which Nova Global Opportunities Fund PCC – touchstone sold 2,32,800 equity shares at Rs.80.96 each, worth Rs. 1.88 Crores.
About the company.
ATC Energies System Ltd. engages in the manufacturing and supply of lithium-ion batteries. The company provides lithium and li-ion batteries by developing full scale vertically integrated energy storage solutions for various industries and end users such as banking and automobiles. Its products include drones, energy storage system, UPS inverter, weighing scale, robotics, two, three, and four-wheeler vehicles.
Business segment
This company is engaged in the business segment of Rechargeable Lithium Ion Battery, Lithium Ion Battery, Electric Vehicle Lithium Ion Battery, and LiFePO4 Lithium Battery.
Financials
Coming to the financial statement, revenue from operations grew by 54 percent from Rs. 33 Crores to Rs. 51 Crores, accompanied by profits of Rs. 8 Crores to Rs. 11 Crores.
Written by:Sanjay G
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