Penny Stock Below Re 1: Mauritius-based FII acquires stake in Sharanam Infraproject via bulk deal

Sharanam Infraproject and Trading Ltd, a penny stock, attracted a significant institutional inflow as Mauritius-based foreign institutional investor (FII) Al Maha Investment Fund PCC acquired nearly 9,000,000 shares at Re 0.86 per share through a bulk deal on February 25, 2025.

The BSE bulk deal data revealed that Al Maha Investment Fund PCC- ONYX Strategy purchased the shares in Sharanam Infraproject, signaling growing institutional confidence in the company's potential. Sharanam Infraproject supplies building materials to the construction and real estate industries.

This bulk deal follows strong financial performance for the company. In its December 2024 quarter, Sharanam Infraproject reported a remarkable 518% sequential increase in net profit, with revenue surging by 3,563% quarter-on-quarter (QoQ). The impressive results indicate the company’s ability to scale operations effectively and capitalize on growth opportunities.

Sharanam Infraproject's transition from negative to positive earnings year-on-year has positioned it for potential re-rating. The company’s strong debt profile is another factor working in its favor, making it more resilient in challenging times.

As Sharanam Infraproject continues to deliver strong financial results, the recent institutional investment further strengthens its prospects in the infrastructure sector, where it provides essential materials for industry-standard projects.

Market Update: On February 25, 2025, the BSE benchmark Sensex gained 147.71 points (0.20%) to close at 74,602.12, supported by gains in financial and consumer goods stocks. Meanwhile, the Nifty 50 slipped by 5.80 points (0.03%) to 22,547.55 due to selling pressure in pharma, metal, and IT stocks.

As always, investors are advised to consult with certified experts and conduct thorough research before making any investment decisions.