{"id":110730,"date":"2023-09-26T12:39:45","date_gmt":"2023-09-26T07:09:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110730"},"modified":"2023-09-26T12:39:50","modified_gmt":"2023-09-26T07:09:50","slug":"block-deal-stock-falls-by-6-after-13-lakh-shares-of-the-company-changed-hands","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/block-deal-stock-falls-by-6-after-13-lakh-shares-of-the-company-changed-hands\/","title":{"rendered":"Block Deal: Stock falls by 6% after 13 Lakh shares of the company changed hands"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1102094089\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of a leading transformer manufacturing company opened around 6 percent lower on Tuesday after a block deal worth Rs 603 crore took place on the bourse.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1620313435\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 11:55 a.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/VOLTAMP\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Voltamp Transformers Ltd<\/a><\/strong> shares were trading at Rs 4,744.30 apiece, down 3.71 percent from the previous close price and the company has a market capitalization of Rs 4,805 crore.\u00a0<\/p><p>According to CNBC Awaaz, around 13 lakh shares, or 12.9 percent equity, changed hands in a block deal at an average price of Rs 4,650 per share, representing a nearly 6 percent discount from the stock&#8217;s Monday closing price of Rs 4,928.50.&nbsp;<\/p><p>In addition, CNBC Awaaz reported on September 25 citing sources that the company&#8217;s promoters were trying to sell a combined 10 percent stake, or 12 lakh shares, of their overall holdings in a block deal.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-292335357\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Voltamp Transformers reported favourable margins in the recent financial year with a net profit margin of 14.43 percent and an operating margin of 18.86 percent.&nbsp;<\/p><p>The company\u2019s revenue has increased by 19 percent yearly, from Rs 270 crore in Q1FY23 to Rs 322 crore in Q1FY24. During the same time, the company\u2019s net profit has increased by 92 percent from Rs 26 crore to Rs 50 crore.&nbsp;<\/p><p>The promoters of the company currently own a 50 percent stake, while foreign institutional investors hold 14.09 percent and domestic institutional investors hold a 25.68 percent stake in the company.&nbsp;<\/p><p>Voltamp Transformers shares have delivered returns of 80 percent in the last six months and 89 percent in a year.&nbsp;<\/p><p>Voltamp Transformers Ltd is engaged in the manufacturing of electrical transformers. The company product portfolio comprises oil-filled power and Distribution transformers of various classes.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1973530216\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3466847282\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of a leading transformer manufacturing company opened around 6 percent lower on Tuesday after a block deal worth Rs 603 crore took place on the bourse.&nbsp; At 11:55 a.m., Voltamp Transformers Ltd shares were trading at Rs 4,744.30 apiece, down 3.71 percent from the previous close price and the company has a market [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,12458,12457,12456],"class_list":["post-110730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-voltamp-transformers-block-deal","tag-voltamp-transformers-latest-news","tag-voltamp-transformers-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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