Promoters consistently increased stakes in these 7 stocks, with prices rising up to 160% over past year

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)