Sansera Engineering surges ~4% on block deal news

22 Jun 2023 , 01:39 PM

According to media reports, shares of Sansera Engineering jumped more than 8% on the NSE after the stock of the Bengaluru-based precision engineering company saw multiple block deals. The stock surged to a new 52-week high of Rs 914.55.

Following the block deal, the stock traded on the BSE and NSE with combined volumes of over 9 lakh shares. In the last two trading sessions, the stock has increased by more than 10%.

The market capitalization of Sansera Engineering is Rs 4,709.01 crore.

Sansera Engineering produces precision components for the automotive and non-automotive industries. Over the last 12 months, the stock has returned more than 34.21%, outperforming the Nifty50, which has returned more than 22%.

At around 1.35 PM, Sansera Engineering was trading 4% higher at Rs 875.65, against the previous close of Rs 841.95 on NSE.

For the quarter ended March 31, 2023, the company reported a net profit of Rs 35.1 crore, which was lower than the net profit of Rs 37.4 crore in Q4FY22.

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