HUL, Asian Paints see biggest drop in promoter holdings in Q4. Here are other top names
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Skin in the Game
Private promoter holding went down in 388 companies in Q4. The average stock price of these companies in the January-March quarter dropped by 0.35%. 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 don’t believe in the company's future. However, sometimes promoters might sell their shares for other expenses. Here's a list of 10 stocks that witnessed the highest decrease in promoter stake in the quarter gone by. (Source: PRIME Database)
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Hindustan Unilever
Promoter Holding as of March 2024: Rs 3,29,330 crore
Promoter Holding as of December 2023: Rs 3,87,448 crore
Decrease in Holding: Rs 58,118 crore
Promoter Holding as of December 2023: Rs 3,87,448 crore
Decrease in Holding: Rs 58,118 crore
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Asian Paints
Promoter Holding as of March 2024: Rs 1,43,700 crore
Promoter Holding as of December 2023: Rs 1,71,748 crore
Decrease in Holding: Rs 28,048 crore
Promoter Holding as of December 2023: Rs 1,71,748 crore
Decrease in Holding: Rs 28,048 crore
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LTIMindtree
Promoter Holding as of March 2024: Rs 1,00,333 crore
Promoter Holding as of December 2023: Rs 1,27,894 crore
Decrease in Holding: Rs 27,561 crore
Promoter Holding as of December 2023: Rs 1,27,894 crore
Decrease in Holding: Rs 27,561 crore
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UltraTech Cement
Promoter Holding as of March 2024: Rs 1,68,741 crore
Promoter Holding as of December 2023: Rs 1,81,790 crore
Decrease in Holding: Rs -13,049 crore
Promoter Holding as of December 2023: Rs 1,81,790 crore
Decrease in Holding: Rs -13,049 crore
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Persistent Systems
Promoter Holding as of March 2024: Rs 9,521 crore
Promoter Holding as of December 2023: Rs 17,656 croreDecrease in Holding: Rs 8,136 crore
Promoter Holding as of December 2023: Rs 17,656 croreDecrease in Holding: Rs 8,136 crore
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Hindustan Zinc
Promoter Holding as of March 2024: Rs 80,182 crore
Promoter Holding as of December 2023: Rs 87,246 croreDecrease in Holding: Rs 7,064 crore
Promoter Holding as of December 2023: Rs 87,246 croreDecrease in Holding: Rs 7,064 crore
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Vodafone Idea
Promoter Holding as of March 2024: Rs 32,482 crore
Promoter Holding as of December 2023: Rs 39,224 crore
Decrease in Holding: Rs 6,742 crore
Promoter Holding as of December 2023: Rs 39,224 crore
Decrease in Holding: Rs 6,742 crore
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Shree Cement
Promoter Holding as of March 2024: Rs 57,964 crore
Promoter Holding as of December 2023: Rs 64,668 croreDecrease in Holding: Rs 6,704 crore
Promoter Holding as of December 2023: Rs 64,668 croreDecrease in Holding: Rs 6,704 crore
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Patanjali Foods
Promoter Holding as of March 2024: Rs 35,742 crore
Promoter Holding as of December 2023: Rs 42,090 crore
Decrease in Holding: Rs 6,348 crore
Promoter Holding as of December 2023: Rs 42,090 crore
Decrease in Holding: Rs 6,348 crore
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Kotak Mahindra Bank
Promoter Holding as of March 2024: Rs 91,932 crore
Promoter Holding as of December 2023: Rs 98,279 crore
Decrease in Holding: Rs 6,348 crore
Promoter Holding as of December 2023: Rs 98,279 crore
Decrease in Holding: Rs 6,348 crore