Promoters increase stake in these 7 small-cap firms; stocks gain over 25% in 3 months

When a promoter increases stake in his/her company, it is seen as a positive development assuming that the promoter is confident of the company's future prospects. There are eight such stocks from the small-cap space where promoters' stake has seen at least 5 percent growth sequentially in the March quarter. Out of these, 7 stocks gained over 25 percent in the last three months. Here are the companies:

RattanIndia Power | The stock gained 86 percent in the April-June period. Promoters stake as on March 2020 stands at 39.33 percent versus 34.34 percent in December 2019. Growth in promoter holding (QoQ): 14.53%

NCC | The stock gained 70 percent during the April-June period. Promoter stake as on March 2020 stands at 19.57 percent as compared to 18.11 percent in December 2019. Growth in promoter holding (QoQ): 8.06%

JBM Auto | The share price gained 67 percent in the April-June period. The promoter stake as on March 2020 was at 67.46 percent as compared to 61.96 percent in December 2019. Growth in promoter holding (QoQ): 8.88%

Jammu & Kashmir Bank | The share price gained 60 percent in the April-June period. The promoters stake as on March 2020 at 68.18 percent as compared to 59.23 percent in December 2019. Growth in promoter holding (QoQ): 15.11%

Welspun Enterprises | The share price gained 60 percent in the April-June period. The promoters stake as on March 2020 at 50.33 percent as compared to 47.30 percent in December 2019. Growth in promoter holding (QoQ): 6.41%

Tata Chemicals | The share price gained 42 percent in the April-June period. The promoters stake as on March 2020 at  34.59 percent as compared to 31.08 percent in December 2019. Growth in promoter holding (QoQ): 11.29%

HSIL | The share price gained 26 percent in the April-June period. The promoters stake as on March 2020 at 53.91 percent as compared to 49.34 percent in December 2019. Growth in promoter holding (QoQ): 9.26%