The Government of India holds 90 per cent stakes in these 10 stocks. Do you own any of them?

The Government of India holds 90 per cent stakes in these 10 stocks. Do you own any of them?

Kiran Shroff
/ Categories: Trending, Mindshare

With the majority stake held by the government, these companies are comparatively less volatile and stable in market actions.

The Government of India has a significant stake in Indian equities. Typically, companies with higher promoter stock holdings are thought to be safer to invest in than those with lesser stakes. With the majority stake held by the government, these companies are comparatively less volatile and stable in market actions. Additionally, investors usually look upon a company with a high promoter stake. The President of the country holds equity stakes in more than 80 PSU companies as a promoter's shareholder. As compared to Q2FY22 and Q2FY23, the Indian government did not reduce any stakes in the below-mentioned companies.   

Here are the top 10 companies in which the Indian government holds at least a 90 per cent stake:  

Sr. No  

Company Name  

LTP (Rs)  

Government Stake (%) 

1  

KIOCL Ltd  

219.50  

99.03  

2  

Punjab & Sind Bank  

24.65  

98.25  

3  

Life Insurance Corporation of India  

651.25  

96.5  

4  

Indian Overseas Bank  

23.20 

96.38  

5  

UCO Bank  

20.30  

95.39  

6  

Scooters India Ltd  

33.85  

93.87  

7  

HMT Ltd  

36.35  

93.68  

8  

Central Bank of India  

25.65  

93.08  

9  

Bank of Maharashtra  

27.35  

90.97  

10  

ITI Ltd  

115.95  

90.06  

* Government Stake as of September 2022 

 Investors should keep a close eye on these stocks for the upcoming sessions.  

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