​Patanjali Foods among 5 stocks that saw highest promoter share decrease in Q2

Changes in a company’s promoter holdings offer crucial signals 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 5 stocks which saw the highest decrease in promoter stakes in the September quarter (Source: Trendlyne)

Sector: Hotels Restaurants & Tourism
Promoter holding change (QoQ): -25.4%
Latest promoter holding: 15.4%

Sector: General Industrials
Promoter holding change (QoQ): -13.6%
Latest promoter holding: 25.2%

Sector: Diversified Consumer Services
Promoter holding change (QoQ): -7.5%
Latest promoter holding: 65.5%

Sector: FMCG
Promoter holding change (QoQ): -7%
Latest promoter holding: 73.8%

Sector: Metals & Mining
Promoter holding change (QoQ): -6.7%
Latest promoter holding: 81.6%