Shares worth Rs.750 Cr of Sansera Engineering change hands in multiple block deals, Stock Jumps 8%

Sansera Engineering Ltd is an engineering-led manufacturer of complex and critical precision-engineered components across automotive and non – non-automotive sectors. The company manufactures and supplies a wide range of precision forged and machined components for the automotive sector and for the non-automotive sector, it manufactures and supplies a wide range of precision components for aerospace, off-road, agriculture, and other segments. 

Sansera Engineering Block Deal

Sansera Engineering, a manufacturer of iron and steel forging products, witnessed a significant movement of 62.53 lakh shares, with two investors–Client Ebene and CVCIGP II Employee Ebene being the likely sellers. The shares were up for sale in a price range between Rs 1,151.20 to Rs 1,211.75 a piece representing 11.6% of the company’s total equity, in several large deals. The combined value of these transactions is estimated to be Rs. 750 crore, as per the available data. This notable shift in equity suggests a substantial interest in the company’s stock, potentially reflecting investor confidence in Sansera Engineering’s business prospects and market position

Sansera Shares up by 8% at record high

The stock of Sansera Engineering soared over 8 percent and hit a record high of Rs 1,315.95 after multiple block deals worth a total of Rs 750.40 crore took place on the exchanges on June 19. The stock has given returns of more than 50% over the past year and is up by 23% in 2024. It has a 52-week high and 52-week low of Rs.1316.95 and Rs.820.5 respectively.

Conclusion: The substantial transfer of 62.53 lakh shares in Sansera Engineering, valued at Rs. 750 crore, highlights significant investor interest and confidence in the company. This major equity shift underlines Sansera Engineering’s strong market position and the potential growth opportunities within the iron and steel forging industry. The stock currently trades at Rs.1,289.10 a piece.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.