Top 5 companies with change in promoter holding
Promoters' stake in a particular stock is tracked by market participants to gauge the fundamental health of the company. Promoter stake means the number of shares 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 healthful sign.
We have listed down top five companies in which promoters have increased their stake and top five companies in which promoters have decreased their stake in the quarter ended March 31, 2019.
Top five companies with rising promoter stake:
Top five companies with declining promoter stake:
