The electrical equipment company specializing in providing solutions related to power generation, electrical systems, and energy efficiency jumped upto 8 percent following the Bulk Deal by Saamyaktva Construction involving Rs. 77.4 Crores.
Price action
With a market capitalization of 3,139.97 Crores on Tuesday, the shares of Quality Power Electrical Equipments Ltd jumped upto 7.6 percent after making a high of Rs. 417.50 compared to its previous closing price of Rs. 387.90.
What Happened
Quality Power Electrical Equipments Ltd engaged in providing solutions related to power generation, electrical systems, and energy efficiency, recently experienced a bulk deal, in which Saamyaktva Construction bought 18 lakh shares consisting of a 2.3 percent stake at Rs. 430 apiece on February 24, resulting in a total value of around Rs. 77.4 crore.
About the company
Quality Power is engaged in the business of energy transition equipment and power technologies and offers services like power quality analysis, system integration, and energy audits to help optimize energy use and reduce operational costs. Their focus might include improving energy efficiency, reducing operational costs, and ensuring reliable electrical infrastructure for various industries.
IPO Details
Quality Power was listed on February 24, 2025, at a listing price of Rs. 432.05, reflecting a 1.66 percent premium. The price range for the IPO was Rs. 401 to Rs. 425 per lot, and the IPO size was Rs. 858.7 crores.
Company Peers
The company’s main peers are Transformers and Rectifiers Ltd, Hitachi Energy India, and GE Vernova T&D India Ltd.
Financials
The company’s total revenue rose by 21 percent from Rs. 273.55 crore to Rs. 331.4 crore in FY23-24. Meanwhile, Net profit rose from Rs. 20.61 crore to Rs. 37.44 crore during the same period.
Written by Sridhar J
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