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    Promoter stakes up: 9 stocks with impressive financial growth, do you own any?

    By
    , ETMarkets.com|
    Portfolio Picks
    1/10

    Portfolio Picks

    Promoters usually hike stakes in a company only when they are confident of the latter’s future prospects. If these companies show strong financial growth, it adds to the value. ETMarkets have analysed stocks where promoters have increased stakes by over 50 basis points (0.50%) in the June quarter compared to the previous one.

    We focused on companies that showed at least 15% year-over-year increase in both sales and profit for the June quarter, had a current market capitalization of over Rs 1,500 crore, and excluded those with latest quarterly sales below Rs 100 crore. Interestingly, 10 stocks met these criteria; of these, 7 have experienced share price increases ranging from 15% to 65% in CY24 so far, while one stock remained flat and one declined slightly during the same period. (Data Source: ACE Equity)

    Agencies
    Hi-Tech Pipes
    2/10

    Hi-Tech Pipes

    Price performance in CY24 so far: 63% | Previous close: Rs 188 | 52-week high: Rs 193

    Promoters’ holding in June 2024: 53.95%, up from 53.20% in March 2024.

    ETMarkets.com
    Fedders Holding
    3/10

    Fedders Holding

    Price performance in CY24 so far: 55% | Previous close: Rs 906 | 52-week high: Rs 999

    Promoters’ holding in June 2024: 64.13%, up from 63.07% in March 2024.

    ETMarkets.com
    Poly Medicure
    4/10

    Poly Medicure

    Price performance in CY24 so far: 46% | Previous close: Rs 2,182 | 52-week high: Rs 2,235

    Promoters’ holding in June 2024: 66.03%, up from 53.15% in March 2024.

    ETMarkets.com
    ICICI Lombard General Insurance Company
    5/10

    ICICI Lombard General Insurance Company

    Price performance in CY24 so far: 45% | Previous close: Rs 2,060 | 52-week high: Rs 2,085

    Promoters’ holding in June 2024: 51.81%, up from 51.27% in March 2024.

    Agencies
    Jai Balaji Industries
    6/10

    Jai Balaji Industries

    Price performance in CY24 so far: 20% | Previous close: Rs 917 | 52-week high: Rs 1,307

    Promoters’ holding in June 2024: 63.85%, up from 60.80% in March 2024.

    ETMarkets.com
    Adani Green Energy
    7/10

    Adani Green Energy

    Price performance in CY24 so far: 20% | Previous close: Rs 1,919 | 52-week high: Rs 2,174

    Promoters Holding in June '24: 57.52%, up from 56.37% in March '24.

    ANI
    SEPC
    8/10

    SEPC

    Price performance in CY24 so far: 17% | Previous close: Rs 23 | 52-week high: Rs 27

    Promoters’ holding in June 2024: 37.64%, up from 26.96% in March '24.

    ETMarkets.com
    L&T Finance
    9/10

    L&T Finance

    Price performance in CY24 so far: 2% | Previous close: Rs 168 | 52-week high: Rs 194

    Promoters’ holding in June 2024: 66.37%, up from 65.86% in March 2024.

    Agencies
    BCL Industries
    10/10

    BCL Industries

    Price performance in CY24 so far: -12% | Previous close: Rs 58 | 52-week high: Rs 86

    Promoters’ holding in June 2024: 59.47%, up from 56.08% in March 2024.

    ETMarkets.com
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