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Companies with change in promoters’ holding during March 2020

Apurva Joshi
/ Categories: DSIJ Mindshare
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Companies with change in promoters’ holding during March 2020

Promoters’ holding in a company is one of the important parameters considered while making its fundamental analysis. Promoters’ stake means the number of shares that are held by the promoters out of the total number of shares in the company.

Rising trend in the promoters’ stake shows the confidence that the promoters have in their company and is thus, a positive sign. Whereas, the decreasing trend in the promoters’ stake may not really be a healthy sign.

As per SEBI guidelines, the minimum public shareholding in listed firms should be 25 per cent. In July 2019, during Budget speech, Finance Minister of India had urged SEBI to consider increasing the minimum public shareholding in listed firms to 35 per cent from 25 per cent.

Here, we have considered BSE-listed companies and jotted down top five companies in which promoters have increased their stake. The list also comprises of those companies, where promoters have decreased their stake in the quarter ended March 2020 as compared to December 2019 quarter.

Top five companies with rising promoter stake:

      Promoter holding
Company Name Market Cap (Rs in Cr.) Industry Mar 2020 Dec 2019 % change
The Jammu & Kashmir Bank Ltd. 876.83 Bank - Private 68.18 59.23 15.1%
NCC Ltd. 1320.32 Engineering - Construction 19.57 18.11 8.1%
Mphasis Ltd. 15258.63 IT - Software 56.18 52.20 7.6%
Jagran Prakashan Ltd. 1034.82 Printing And Publishing 65.02 62.10 4.7%
Tata Steel Ltd. 32746.03 Steel & Iron Products 34.41 33.12 3.9%

 

Top five companies with declining promoter stake:

      Promoter holding
Company Name Market Cap (Rs in Cr.) Industry Mar 2020 Dec 2019 % change
Yes Bank Ltd. 34388.29 Bank - Private 1.42 8.33 -83.0%
Reliance Power Ltd. 532.97 Power Generation/Distribution 19.29 38.51 -49.9%
IIFL Finance Ltd. 2557.58 Finance - Investment 24.94 29.40 -15.2%
KEI Industries Ltd. 2416.62 Cable 40.50 45.59 -11.2%
Essel Propack Ltd. 5178.13 Plastic Products 74.99 83.00 -9.7%

(Source - Ace Equity)

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