Shares of Swan Energy surged 5% after 1.22 million shares changed hands in a significant block deal on July 8, according to Bloomberg data.
At 11:40 am, the stock was locked at the upper circuit at Rs 692.60 on the National Stock Exchange (NSE).
Swan Energy operates across various sectors including textiles, real estate, energy, and petrochemicals. The company’s business segments include Textile, Energy, Construction/Others, Distribution & Development, Warehousing, Manufacturing, and Power Generation. Its diversified business verticals also cover Oil & Gas, Petrochemical Manufacturing & Trading, Textiles, and Realty.
Recently, Swan Energy’s board approved the acquisition of a 49% equity stake in Triumph Offshore Private Ltd (TOPL) from Indian Farmers Fertiliser Cooperative (IFFCO) for Rs 440 crore.
