Goldman Sachs buys shares worth Rs 50 crore in this smallcap stock via block deal
Goldman Sachs acquired approximately 11 lakh shares of TD Power Systems in a block deal valued at Rs 50.30 crore, purchasing them at Rs 460 per share, a 7% discount from the previous day's closing price. Despite this acquisition, the stock experienced a slight dip, closing at Rs 483 on the NSE.
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Goldman Sachs bought nearly 11 lakh shares of TD Power Systems on Thursday via block deals. The shares were purchased at Rs 50.30 crore.The shares were bought through its arm Goldman Sachs India Equity Portfolio at a price of Rs 460 per share which was at a discount of 7% from the closing price of Rs 494.10 on the NSE.Goldman Sachs held 3.11% stake in the company as on March 31, 2025.Today, the stock ended at Rs 483 on the NSE, down 10.75 or 2.18%.TDPS was founded in April 1999 and is headquartered in Bengaluru with sales offices in Germany, Turkey, Japan & USA. The company makes generators & motors.Shares of TD Power Systems are trading above its 50-day and 200-day simple averages (SMAs) of Rs 411 and Rs 407, respectively.The stock has been quite volatile and has traded with a 1-year beta of 1.5 according to Trendlyne data.The smallcap stock which has a market capitalisation of Rs 7,543.67 crore reported a net profit of Rs 44 crore in Q4FY25 versus Rs 35 crore in the year ago period. This translates into a 26% growth on the year-on-year basis. The net sales in the quarter under review stood at Rs 376.34 crore which was up by 40% over Rs 267.83 crore in the corresponding quarter of the previous financial year.The company's board also recommended a final dividend of Rs 0.65 per equity share for the financial year ended March 31, 2025. The dividend payout will be subject to the approval at the Annual General Meeting (AGM) of the company and will be paid within 30 days from the date of AGM.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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