Pledged holding by majority shareholders of S&P BSE 500 index fell marginally to 1.10% in the March 2024 quarter from 1.17% in the December 2023 quarter, according to Kotak Institutional Equities.
Promoters of 73 companies in the BSE 500 gauge have pledged part of their holdings in the March 2024 quarter. The value of these pledged promoter holdings stood at Rs 1.96 lakh crore, about 0.56% of the total BSE 500 index’s market capitalisation, a May 7 note said.
Also Read: Small And Mid-Cap Promoters Cash In On Rally
Highlights Of The Fourth Quarter Of 2024
Companies whose promoters pledged more than 75% of their holdings were none.
Companies in which pledged promoter holding increased: Max Financial Services Ltd., Eris Lifescience Ltd., Ashok Leyland Ltd., Jubilant Foodworks Ltd. and Lloyd Metals & Energy Ltd., among others.
Companies in which pledged promoter holdings declined: Kalpataru Projects International Ltd., Bharat Forge Ltd., GMR Airports Infrastructure Ltd., Lemon Tree Hotels Ltd., Tata Communications Ltd., among others.
Fresh promoter pledges: None.
Companies in which promoters released almost entire pledged holdings: Bharat Forge, Lemon Tree Hotels and Tata Communications.
Companies in the Nifty 50 with more than 5% of pledged promoter holdings: Apollo Hospitals Ltd. (16.1%), Asian Paints Ltd. (7%), IndusInd Bank Ltd. (45.5%) and JSW Steel Ltd. (15.2%)
RECOMMENDED FOR YOU
Buy, Sell Or Hold: Mankind Pharma, Varun Beverages, Mahindra Lifespace, BHEL, Inox Wind — Ask Profit
Jul 15, 2025
Five Stocks To Buy — Cummins India, Kirlos Bros, Balkrishna Industries Among Others
Jul 14, 2025
Buy, Sell Or Hold: Trent, Vedanta, Ashok Leyland, SpiceJet, Ireda — Ask Profit
Jul 11, 2025
Buy, Sell Or Hold: BEL, SBI, Varun Beverages, Suzlon Energy, SRF — Ask Profit
Jul 10, 2025
POPULAR