Page 4 - Sansera Engineering News Today

Auto-component maker Sansera Engineerings share price surged over 5% to a new 52-week high after the news of two shareholders, Ebene Ltd and CVCIGP II Employees EBENE, who are likely to sell 14.1% of their stake for ₹627.5 crore.

Shares of Sansera Engineering surged by over 8% on the NSE after multiple block deals were witnessed, with the stock reaching a 52-week high of Rs 914.55. The block deals triggered buying action as momentum indicator MFI went into an overbought zone. The company manufactures precision components for automotive and non-automotive sectors and reported a Q4FY23 net profit of Rs 35.1 crore. The average broker target on the stock is Rs 946.50, representing an almost 8% upside from the current level.

Sensex Today: Among sectors, the Nifty IT index was down about 0.7 per cent, while the Nifty Metal index was up by the same percentage.

Top losers on the Nifty included Tata Steel, Bajaj Finance, Tata Consumer Products, Tata Motors and Asian Paints, while gainers were Divis Laboratories, L&T, HDFC, HDFC Bank and Bharti Airtel.

Around 7.45 million shares, representing 14.08 per cent of the total equity of Sansera Engineering, have changed hands on the NSE

ICICI Prudential Mutual Fund (MF), Kotak Mahindra MF, SBI Life Insurance Company, Societe Generale, Public Sector Pension Investment Board, and International Monetary Fund, among others, were buyers of shares.

Foreign venture capital investors CVCIGP II Employee Ebene, and Client Ebene have offloaded large shareholding in Sansera Engineering for Rs 622.34 crore.

Sansera Engineering (SEL) aims to double revenue from its Bidadi plant, reaching nearly Rs 500 crore by FY25 with the addition of a new 4000T press

Uniindia: New Delhi, May 23 (UNI) Sansera Engineering Ltd has reported 5% year-on-year decline in its consolidated net profit at Rs 35.42 crore for January-March quarter (Q4) of the financial year 2022-23.

Shares of the company traded 0.15 per cent down at around Rs 778 in the afternoon trade on May 23. On the other hand, the benchmark BSE Sensex was up 272 points at 62,235 at around the same time.