Shares of this small-cap stock slipped up to 2 percent in Thursday’s trading session after Hypnos Fund Limited sold nearly 32.83 lakh shares of the company via Bulk Deal. In the past month, the company’s stock has gained nearly 25 percent.
With a market capitalization of Rs 13,550.82 crores, the stocks of Swan Energy Limited started their trading session on Thursday at Rs 507.40 and closed at Rs 513.45. The company’s scrip saw an intra-day low of Rs 500.50 representing a down movement of up to 2 percent as compared to the previous close of Rs 508.90 apiece.
The downside in the company’s stock was witnessed today after Hypnos Fund Limited, as per the Bulk Deal data available with the National Stock Exchange (NSE), sold nearly 32.83 lakh shares at an average trade price of Rs 500.58 per equity share.
Hypnos Fund Limited is one of the existing Foreign Portfolio Investors (FPIs) invested in the company and, as per the latest shareholding data available for the September 2023 quarter, the company holds 32.92 lakh equity shares equating to a 1.25 percent stake in the company.
During the recent financial quarters, the company’s prime indicators of business such as operating revenues and after-tax profits portrayed an increase in numbers with the former jumping from Rs 804.3 crores during Q1FY23-24 to Rs 1,223.26 crores during Q2FY23-24, and, the latter moving up from Rs 144.82 crores to Rs 165.57 crores.
Having a look at the profitability ratios of the company, the return on equity (RoE) figures, on one end, showed negative returns but, the return on capital employed (RoCE), on the other end, moved up drastically from 0.11 percent during FY21-22 to 2.55 percent during FY22-23.
In addition, the debt-to-equity ratio of the company, though above the desired level, has reduced from 3.35 times during FY21-22 to 2.20 times during FY22-23.
Swan Energy Limited is a company engaged in a wide range of business segments including textiles, energy, construction, and power generation among others. Geographically, the company generates revenue from operations 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.
