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Goldman Sachs buys nearly 11 lakh shares worth Rs 50.30 crore of TD Power Systems

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Goldman Sachs buys nearly 11 lakh shares worth Rs 50.30 crore of TD Power Systems

Goldman Sachs India Equity Portfolio, a subsidiary of Goldman Sachs, acquired approximately 11 lakh shares of TD Power Systems through block deals on Thursday. The purchase, amounting to Rs 50.30 crore, was made at a price of Rs 460 per share — reflecting a 7% discount compared to the previous day’s closing price of Rs 494.10 on the NSE, according to an ET report.As of March 31, 2025, Goldman Sachs held a 3.11% stake in the Bengaluru-headquartered company.On Friday, shares of TD Power Systems ended at Rs 483 on the NSE, down Rs 10.75 or 2.18%. Founded in April 1999, TD Power Systems manufactures generators and motors, and operates sales offices in Germany, Turkey, Japan, and the USA.The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 411 and Rs 407, respectively. However, the scrip has shown significant price fluctuations, with a one-year beta of 1.5, according to Trendlyne data.The smallcap firm, with a market capitalisation of Rs 7,543.67 crore, reported a net profit of Rs 44 crore in Q4FY25, marking a 26% year-on-year growth from Rs 35 crore in the same quarter last year. Net sales rose by 40% to Rs 376.34 crore, compared to Rs 267.83 crore in the corresponding quarter of the previous financial year.Additionally, the company’s board has proposed a final dividend of Rs 0.65 per equity share for the financial year ended March 31, 2025. The dividend will be distributed within 30 days of the company’s Annual General Meeting (AGM), pending shareholder approval.





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