HUL, Asian Paints see biggest drop in promoter holdings in Q4. Here are other top names – Skin in the Game

HUL, Asian Paints see biggest drop in promoter holdings in Q4. Here are other top names – Skin in the Game

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Private promoter holding went down in 388 companies in Q4. The average stock price of these companies in the January-March quarter dropped by 0.35%. Changes in a company’s promoter holdings offer crucial insights for investors. Promoters decreasing their shareholding is sometimes considered negative for the stock as it shows that the promoters don’t believe in the company’s future. However, sometimes promoters might sell their shares for other expenses. Here’s a list of 10 stocks that witnessed the highest decrease in promoter stake in the quarter gone by. (Source: PRIME Database)

iStock

Hindustan Unilever
Promoter Holding as of March 2024: Rs 3,29,330 crore
Promoter Holding as of December 2023: Rs 3,87,448 crore
Decrease in Holding: Rs 58,118 crore

Reuters

Asian Paints
​Promoter Holding as of March 2024: Rs 1,43,700 crore
​Promoter Holding as of December 2023: Rs 1,71,748 crore
​Decrease in Holding: Rs 28,048 crore

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IANS

LTIMindtree
​Promoter Holding as of March 2024: Rs 1,00,333 crore
​Promoter Holding as of December 2023: Rs 1,27,894 crore
​Decrease in Holding: Rs 27,561 crore

Agencies

UltraTech Cement
Promoter Holding as of March 2024: Rs 1,68,741 crore
​Promoter Holding as of December 2023: Rs 1,81,790 crore
​Decrease in Holding: Rs -13,049 crore

Reuters

Persistent Systems
Promoter Holding as of March 2024: Rs 9,521 crore
Promoter Holding as of December 2023: Rs 17,656 croreDecrease in Holding: Rs 8,136 crore

ETMarkets.com

Hindustan Zinc
Promoter Holding as of March 2024: Rs 80,182 crore
Promoter Holding as of December 2023: Rs 87,246 croreDecrease in Holding: Rs 7,064 crore

ETMarkets.com

Vodafone Idea
​Promoter Holding as of March 2024: Rs 32,482 crore
​Promoter Holding as of December 2023: Rs 39,224 crore
​Decrease in Holding: Rs 6,742 crore

IANS

Shree Cement
Promoter Holding as of March 2024: Rs 57,964 crore
Promoter Holding as of December 2023: Rs 64,668 croreDecrease in Holding: Rs 6,704 crore

ETMarkets.com

Patanjali Foods
​Promoter Holding as of March 2024: Rs 35,742 crore
​Promoter Holding as of December 2023: Rs 42,090 crore
​Decrease in Holding: Rs 6,348 crore

ANI

Kotak Mahindra Bank
Promoter Holding as of March 2024: Rs 91,932 crore
​Promoter Holding as of December 2023: Rs 98,279 crore
​Decrease in Holding: Rs 6,348 crore

Agencies

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