Promoters consistently increased stakes in these 7 stocks, with prices rising up to 160% over past year
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In Spotlight
When promoters increase their stake in their company, it’s generally seen as a good sign. It indicates that the promoter is confident of the growth prospects and expects the stock price to go up. ETMarkets found that on the BSE, there are seven companies with market caps over Rs 1000 crore where promoters have been increasing their stakes steadily for the past three quarters.
This list includes major names like Reliance Industries. Out of these seven, five stocks have had price returns between 15% and 160% over the past year, with Salzer Electronics leading the way with a 160% gain. (Data Source: ACE Equity)
This list includes major names like Reliance Industries. Out of these seven, five stocks have had price returns between 15% and 160% over the past year, with Salzer Electronics leading the way with a 160% gain. (Data Source: ACE Equity)
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Salzer Electronics
1-Year Price Performance: 160%
CMP: Rs 909
52-week high: Rs 984
CMP: Rs 909
52-week high: Rs 984
3/8
Paisalo Digital
1-Year Price Performance: 91%
CMP: Rs 66
52-week high: Rs 100
CMP: Rs 66
52-week high: Rs 100
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Snowman Logistics
Snowman Logistics 1-Year Price Performance: 59%CMP: Rs 7952-week high: Rs 89
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Nahar Spinning Mills
1-Year Price Performance: 39%
CMP: Rs 347
52-week high: Rs 383
CMP: Rs 347
52-week high: Rs 383
6/8
Reliance Industries
1-Year Price Performance: 16%
CMP: Rs 2929
52-week high: Rs 3,218
CMP: Rs 2929
52-week high: Rs 3,218
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Uttam Sugar Mills
1-Year Price Performance: -14%
CMP: Rs 319
52-week high: Rs 535
CMP: Rs 319
52-week high: Rs 535
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Som Distilleries Breweries & Wineries
1-Year Price Performance: -15%
CMP: Rs 109
52-week high: Rs 156
CMP: Rs 109
52-week high: Rs 156