Swan Energy Ltd Share Price – NSE  /  BSE

Diversified, Small Cap

Kalyan Jewellers India Ltd, Quess Corp Ltd, ICICI Prudential Life Insurance Company Ltd, Max Financial Services Ltd are among the other stocks to see a surge in volumes on BSE today, 24 July 2024.

Swan Energy Ltd registered volume of 15.94 lakh shares by 10:46 IST on BSE, a 15.01 fold spurt over two-week average daily volume of 1.06 lakh shares. The stock rose 5.00% to Rs.702.55. Volumes stood at 84198 shares in the last session.

Kalyan Jewellers India Ltd notched up volume of 5.11 lakh shares by 10:46 IST on BSE, a 4.13 fold spurt over two-week average daily volume of 1.24 lakh shares. The stock rose 4.47% to Rs.577.55. Volumes stood at 2.4 lakh shares in the last session.

Quess Corp Ltd registered volume of 54893 shares by 10:46 IST on BSE, a 3.81 fold spurt over two-week average daily volume of 14409 shares. The stock rose 4.71% to Rs.675.95. Volumes stood at 43906 shares in the last session.

ICICI Prudential Life Insurance Company Ltd registered volume of 95089 shares by 10:46 IST on BSE, a 3.14 fold spurt over two-week average daily volume of 30272 shares. The stock rose 7.32% to Rs.684.30. Volumes stood at 61270 shares in the last session.

Max Financial Services Ltd notched up volume of 18830 shares by 10:46 IST on BSE, a 2.68 fold spurt over two-week average daily volume of 7024 shares. The stock rose 3.78% to Rs.1,075.00. Volumes stood at 6426 shares in the last session.

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As per the stock exchange data, the BlackRock Emerging Frontiers Master Fund and BlackRock Global Funds India Fund acquired 0.78% and 0.58% stake in Swan Energy, respectively.

The BlackRock Emerging Frontiers Master Fund bought 24.58 lakh shares, while the BlackRock Global Funds India Fund acquired 18.20 lakh shares. Another fund, the BlackRock Strategic Funds - BlackRock Asia Pacific Absolute Return Fund also acquired 2.78 lakh shares (0.09% equity). These shares were purchased at Rs 668.27 per share.

This marks a fresh investment in Swan Energy for BlackRock, as they did not hold any shares in the company during the March quarter.

Meanwhile, 2i Capital PCC, EOS Multi-Strategy Fund AIFLNP V.C.I.C, Dovetail India Fund, Epitome Trading and Investments and Paulomi Ketan Doshi were among the entities which offloaded shares of Swan Energy on Monday.

As of the quarter that ended on March 31st, 2i Capital PCC had a 1.9% stake in Swan Energy, while the Dovetail India Fund had a 1.39% stake.

Swan Group is among India's leading private sector business houses serving the nation for more than a century across textile, real estate and oil & gas sectors. On a consolidated basis, the company reported a 10.55% YoY decline in net profit to Rs 55.58 crore while revenue from operations climbed 49.79% to Rs 1,397.90 crore in Q4 FY24.

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Swan Energy announced that Triumph Offshore (TOPL), subsidiary of the company, has further pre-paid Rs. 300 crore to its consortium of lenders of Floating Storage and Regasification Unit (FSRU) Project towards partial repayment of the debt.

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The Board of Directors of Swan Energy (SEL) at its meeting held on 24 June 2024, have inter alia, considered and approved the acquisition of 26,21,50,000 equity shares of Rs. 10/- each of Triumph Offshore (TOPL) (representing 49% of total equity of TOPL) from Indian Farmers Fertiliser Cooperative (IFFCO) at a total price of Rs. 440 crore, as per duly executed Share Purchase Agreement. With the above acquisition, TOPL shall become 100% subsidiary of the company.

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