TD Power Systems shares fall 8% on block deals
TD Power Systems Ltd. shares declined by nearly 8% following significant block deals
- May 22, 2025,
- Updated May 22, 2025 11:26 AM IST
Shares of TD Power Systems Ltd. dropped by almost 8% after the company witnessed significant block deals in early trading on Thursday, May 22. A total of 1.3 crore shares, equivalent to 8.1% of the company’s equity, were exchanged, causing the stock to hit an intraday low of ₹455 per share. By 10 am, the shares had slightly recovered, trading at ₹471.3 each, reflecting a 4.55% decline. The day's trading volume highlighted the intense market activity surrounding TD Power, which has gained 5.6% in value so far this year.
The company's shareholding structure reveals that promoter Nikhil Kumar held an 11.18% stake at the end of the March quarter, while Saphire Finman Services LLP owned 15.34%. Public shareholders, including India's Domestic Mutual Funds, collectively hold 23.5% of the company, with institutions like UTI MF, HSBC MF, and HDFC MF among the stakeholders. Additionally, Goldman Sachs owns 3.11% and Oxbow Master Fund has a 4.13% stake, while retail investors with authorised share capital up to ₹2 lakh control 14.24%.
TD Power recently reported a robust financial performance for the fourth quarter, with net profits surging by 82.8% to ₹53 crore, and revenue climbing 31.9% to ₹348 crore compared to the previous year. The company's EBITDA increased by 56.2% to ₹65.3 crore, and margins expanded to 18.8%. These financial outcomes suggest a positive trajectory for TD Power, despite Thursday’s significant market movement following the block deals. The details of the buyers and sellers in these transactions have not yet been disclosed.
Shares of TD Power Systems Ltd. dropped by almost 8% after the company witnessed significant block deals in early trading on Thursday, May 22. A total of 1.3 crore shares, equivalent to 8.1% of the company’s equity, were exchanged, causing the stock to hit an intraday low of ₹455 per share. By 10 am, the shares had slightly recovered, trading at ₹471.3 each, reflecting a 4.55% decline. The day's trading volume highlighted the intense market activity surrounding TD Power, which has gained 5.6% in value so far this year.
The company's shareholding structure reveals that promoter Nikhil Kumar held an 11.18% stake at the end of the March quarter, while Saphire Finman Services LLP owned 15.34%. Public shareholders, including India's Domestic Mutual Funds, collectively hold 23.5% of the company, with institutions like UTI MF, HSBC MF, and HDFC MF among the stakeholders. Additionally, Goldman Sachs owns 3.11% and Oxbow Master Fund has a 4.13% stake, while retail investors with authorised share capital up to ₹2 lakh control 14.24%.
TD Power recently reported a robust financial performance for the fourth quarter, with net profits surging by 82.8% to ₹53 crore, and revenue climbing 31.9% to ₹348 crore compared to the previous year. The company's EBITDA increased by 56.2% to ₹65.3 crore, and margins expanded to 18.8%. These financial outcomes suggest a positive trajectory for TD Power, despite Thursday’s significant market movement following the block deals. The details of the buyers and sellers in these transactions have not yet been disclosed.