Bank of India, Sapphire Foods see biggest drop in promoter holdings in Q3. Check out other top names
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Skin in the Game
Changes in a company’s promoter holdings offer crucial insights for investors. Promoters decreasing their shareholding is sometimes considered negative for the stock as it shows that the promoters themselves don’t believe in the future of the company. However, sometimes promoters might sell their shares for other expenses. Here are 7 stocks that witnessed the highest decrease in promoter stakes in the December quarter (Source: Ace Equity)
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Sterling and Wilson Renewable Energy
Promoter Holding as of December 2023: 52.98%
Promoter Holding as of September 2023: 67.56%
Net cut: -14.58%
Promoter Holding as of September 2023: 67.56%
Net cut: -14.58%
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Sapphire Foods India
Promoter Holding as of December 2023: 31.30%
Promoter Holding as of September 2023: 41.68%
Net cut: -10.38%
Promoter Holding as of September 2023: 41.68%
Net cut: -10.38%
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Bank Of India
Promoter Holding as of December 2023: 73.38%
Promoter Holding as of September 2023: 81.41%
Net cut: -8.03%
Promoter Holding as of September 2023: 81.41%
Net cut: -8.03%
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Ircon International
Promoter Holding as of December 2023: 65.17%
Promoter Holding as of September 2023: 73.18%
Net cut: -8.01%
Promoter Holding as of September 2023: 73.18%
Net cut: -8.01%
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Housing & Urban Development Corporation
Promoter Holding as of December 2023: 75.17%
Promoter Holding as of September 2023: 81.81%
Net cut: -6.64%
Promoter Holding as of September 2023: 81.81%
Net cut: -6.64%
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Home First Finance Company
Promoter Holding as of December 2023: 23.60%
Promoter Holding as of September 2023: 30.19%
Net cut: -6.59%
Promoter Holding as of September 2023: 30.19%
Net cut: -6.59%
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Indian Bank
Promoter Holding as of December 2023: 73.84%
Promoter Holding as of September 2023: 79.86%
Net cut: -6.02%
Promoter Holding as of September 2023: 79.86%
Net cut: -6.02%