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 bought a fresh stake in Q1FY25.
Bharat Heavy Electricals Ltd.
Bharat Heavy Electricals Limited is an engineering and manufacturing firm. The company manufactures equipment for integrated power plants. Its categories include power and industry. The Power section includes thermal, gas, hydro, and nuclear power plant industries.
With a market capitalization of Rs 1.13 lakh crore, the shares closed at Rs 325.80 per share, decreased by around 2.06 percent as compared to the previous closing price of Rs. 332.65.
The government of Singapore bought 4,64,92,121 equity shares which is equivalent to 1.3 percent of the company as of June 2024.
The company’s revenue stood at Rs 8,260 crore in Q4FY24, during the same time frame, net profit stood at Rs 490 crore.
Satia Industries Ltd.
Satia Industries Limited is an Indian firm that owns and runs wood and agro-based paper factories in India. The Company manufactures paper from wood chips, veneer waste, wheat straw, and sarkanda. The company’s divisions include paper, yarn, cotton, agribusiness, captive power generation, and solar energy.
With a market capitalization of Rs 1,337.50 crore, the shares closed at Rs 133.75 per share, decreased by around 0.82 percent as compared to the previous closing price of Rs. 134.85.
The government of Singapore bought 11,34,557 equity shares which is equivalent to 1.1 percent of the company as of June 2024.
The company’s revenue stood at Rs 431 crore in Q4FY24, during the same time frame, net profit stood at Rs 39 crore.
Written by:- Abhishek Singh
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