Top five BSE 500 companies with major promoter holding change
Market participants track the promoters' stake in a particular stock to gauge the fundamental health of the company. Promoter stake are those which are held by the promoters out of the total number of shares in the company. The remaining shares are available for the shareholders.
Generally, if the promoter stake of a stock has increased, it provides a sign of confidence of the promoters in the business. On the other hand, if promoter stake has decreased, it is not at all a healthy sign.
We have considered BSE 500 companies and listed down top five companies in which promoters have increased their stake as well another set of top five companies in which promoters have decreased their stake in the quarter ended December 31, 2019.
Top five companies with rising promoter stake:
Top five companies with declining promoter stake:
