Promoters are individuals or entities who establish and oversee the initiation and growth of a business venture. They often provide the initial capital, develop the business idea, and take strategic decisions to ensure its success. Promoters typically have a vested interest in the company’s performance and may hold significant ownership stakes.
Here are stocks in which promoter decreased their stake up to 4.95 % in Q3FY25 from Q2FY24
1. KEI Industries Ltd
KEI Industries Limited is an India-based wire and cable manufacturer. The company’s segments include Cables and Wires, Stainless Steel Wire, and Engineering, Procurement, and Construction (EPC) Projects. The Cables & Wires segment produces, distributes, and promotes a variety of power cables.
With a market capitalization of Rs 42,527.12 crore, the shares were trading at Rs 4450.65 per share, increasing around 7 percent as compared to the previous closing.
The promoter of the company decreased its stake by 2.05%, from 37.06% in Q2FY25 to 35.01% in Q3FY25. Additionally, 14.52% is owned by retail investors, 20.72% is held by domestic institutional investors, and 29.75% is owned by foreign institutional investors.
The company’s revenue stood at Rs 2,280 crore in Q3FY25, during the same time frame, net profit stood at Rs 155 crore.
2. Cochin Shipyard Ltd
Cochin Shipyard Limited is an India-based company that is engaged in the shipbuilding and ship repair business. The Company is engaged in the construction of vessels and repairs and refits of all types of vessels including upgradation of ships periodical layup repairs and life extension of ships.
With a market capitalization of Rs 39,245.08 crore, the shares were trading at Rs 1,491.75 per share, increasing around 2 percent as compared to the previous closing.
The promoter of the company decreased its stake by 4.95%, from 72.86% in Q2FY25 to 67.91% in Q3FY25. Additionally, 22.54% is owned by retail investors, 6.63% is held by domestic institutional investors, and 2.91% is owned by foreign institutional investors.
The company’s revenue stood at Rs 1,097 crore in Q3FY25, during the same time frame, net profit stood at Rs 193 crore.
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3. Torrent Power Ltd
Torrent Power Ltd is a significant integrated power utility firm in India that generates, transmits, and distributes power. Its operations span Gujarat, Maharashtra, Uttar Pradesh, and Karnataka.
With a market capitalization of Rs 72,632.66 crore, the shares were trading at Rs 1,441.40 per share, increasing around 3.66 percent as compared to the previous closing.
The promoter of the company decreased its stake by 2.47%, from 53.56% in Q2FY25 to 51.09% in Q3FY25. Additionally, 9.42% is owned by retail investors, 21.21% is held by domestic institutional investors, and 9.93% is owned by foreign institutional investors.
The company’s revenue stood at Rs 7,176 crore in Q3FY25, during the same time frame, net profit stood at Rs 496 crore.
Written by Abhishek Singh
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Promoters are individuals or entities who establish and oversee the initiation and growth of a business venture. They often provide the initial capital, develop the business idea, and take strategic decisions to ensure its success. Promoters typically have a vested interest in the company’s performance and may hold significant ownership stakes. Here are stocks in
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