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During Wednesday’s trading session, the shares of a company specialising in software development, IT infrastructure solutions, and IT hardware distribution surged 3.5 percent on BSE, following a bulk deal in which a foreign investor, Bridge India Fund, bought shares in the company.
Price Movements
With a market cap of Rs. 177.5 crores, at 10:54 a.m., the shares of Variman Global Enterprises Ltd (BO:VARI) were trading in the green at Rs. 9.12 on BSE, up by nearly 3 percent, as compared to its previous closing price of Rs. 8.85.
The stock has delivered negative returns of over 66 percent in one year, but has gained around 2 percent in the last one month.
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What’s the News
As per the latest bulk deal available with the BSE, Foreign Portfolio Investor (FPI) Bridge India Fund bought 10.8 lakh equity shares in Variman Global Enterprises Limited through an open market transaction, representing a 0.56 percent stake. The deal was valued at approximately Rs. 95.6 lakhs, executed at an average price of Rs. 8.85 per share.
On the selling side, another FPI, Eriska Investment Fund Limited, offloaded nearly 17.4 lakh shares—equivalent to a 0.89 percent stake—in a transaction worth around Rs. 1.54 crores on the BSE. These shares were sold at an average price of Rs. 8.86 per share.
Financial Performance
Variman Global reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 16.5 percent, rising from Rs. 27.04 crores in Q3 FY24 to Rs. 31.5 crores in Q3 FY25.
Similarly, during the same period, the company’s net profit jumped from a loss of Rs. 0.4 crores to a profit of Rs. 0.64 crores.
Key Financial Ratios
In terms of key financial metrics, Variman Global currently has a Return on Equity (RoE) of 3.37 percent and a return on capital employed (RoCE) of 8.2 percent. Additionally, the company’s debt-to-equity ratio stands at 0.58.
About the company
Variman Global Enterprises Limited, an IT solutions company, engaged in the business of providing solutions through software development, IT Infrastructure solutions and distributing IT Hardware to clients and partners through aggressive market development and continuous improvement through agility.
Written by Shivani Singh
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