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Auto-component maker Sansera Engineering's 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