Shanti Educational Initiatives Ltd: The share of Shanti Educational Initiatives Ltd was in focus on Thursday 5 September. The share of the company climbed by a whopping 4 percent on Thursday and the price reached the level of 123 rupees.
Foreign investors have made a big bet behind this rise in shares. Mauritius-based FII Albula Investment Fund Limited has bought a 2.93% stake in Shanti Educational Initiatives Ltd.
As per the company’s June 2024 shareholding pattern, Albula Investment Fund Limited held a 5.22% stake in this company before the acquisition.
Albula Investment Fund currently holds 8.15% of the company after yesterday’s new stock transactions. Let us tell you that in just six months it has given a strong return of 110%. So far this year, this stock has climbed 90%.
What Is The Detail?
Shanti Educational Initiatives Ltd sold 9 lakh shares (0.56 %) for Legends Global Opportunities (Singapore) Pte Ltd for 120.85 rupees per share. New Leena Investments Ltd sold the same amount of shares in August.
Shareholding pattern as of June 2024, New Leena Investments Ltd holds 4.94% stake in the company. Shareholding pattern as of June 2024, New Leena Investments Ltd holds a 4.94% stake in the company.
Company Business
The principal function of Shanti Educational Initiatives Ltd is to provide educational services and programs.
The company builds, designs, and manages educational establishments from kindergarten to class 12.
It provides school management solutions and is one of the companies that is growing rapidly in the educational sector.
Shanti Educational Initiatives Ltd witnessed a 16.47 % increase in sales to the figure of 9.83 crore rupees during the June 2024 quarter.
At the same time, it registered a 1.28% decline in profit amounting to ₹ 3.09 crores as compared to ₹ 3.13 crores in the previous quarter.
Quick Fact
| Company name | Shanti Educational Initiatives |
|---|---|
| Share climbed | 4% |
| Current share price | ₹123 |
| Recent investor | Albula Investment Fund |
| The previous stake held by Albula | 8.15% |
| Previous stake held by Albula | 5.22% |
| New shares purchased by Albula | 2.93% |
| 6 months return | 110% |
| Year-to-date climb | 90% |
| Recent share transaction price | ₹120.85 |
| Seller of 9 lakh shares | Legends Global Opportunities |
| Company seller in August | New Leena Investments |
| Stake held by New Leena | 4.94% |
| Business focus | Educational services |
| Business scope | Kindergarten to Class 12 |
| Business solutions | School management |
| Sales increase (June 2024 quarter) | 16.47% |
| Sales figure (June 2024 quarter) | ₹9.83 crore |
| Profit decline (June 2024 quarter) | 1.28% |
| Profit figure (June 2024 quarter) | ₹3.09 crore |
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