Samvardhana Motherson, JSW Energy among 7 midcap firms that saw a drop in promoter shareholding in Q4 – Fall in promoter pledge

Samvardhana Motherson, JSW Energy among 7 midcap firms that saw a drop in promoter shareholding in Q4 – Fall in promoter pledge

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Fall in promoter pledge

Promoters refer to founders or controlling shareholders of the company. Companies with high promoter holding stocks are considered to be safer to invest in, compared to those with relatively lower stakes. Here’s a list of 7 midcap companies from the Nifty200 index that saw a decline in promoters’ shareholdings in Q4, according to StockEdge data:

ETMarkets.com

Samvardhana Motherson International

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Samvardhana Motherson International

Samvardhana Motherson International saw a 4.4% decrease in promoters’ shareholding in Q4 FY24. The promoters’ stake declined to 60.36% in Q4 from 64.78% in Q3 FY24.

ETMarkets.com

JSW Energy
The promoters’ shareholding of JSW Energy decreased by 4.1% in the March quarter of 2024. The promoters’ shareholding decreased to 69.32% in Q4 from 73.38% in Q3 FY24.

IANS

NHPC
NHPC’s promoter shareholding declined by 3.5% in the March quarter of 2024. The promoters’ shareholding decreased to 67.4% in Q4 from 70.95% in Q3 FY24.

ETMarkets.com

Vodafone Idea
Vodafone Idea saw a 1.5% reduction in promoters’ shareholding in Q4 FY24. The promoters’ stake declined to 48.9% in Q4 from 50.36% in Q3 of FY24.

Agencies

Dixon Technologies
Dixon Technologies saw a 0.2% decrease in promoters’ shareholding in the March quarter of FY24. The promoters’ shareholding declined to 33.44% in Q4 from 33.63% in Q3 FY24.

IANS

APL Apollo Tubes
APL Apollo Tubes’ promoter shareholding decreased by 0.1% in the March quarter of 2024. The promotor’s shareholding declined to 29.44% in Q4 from 29.57% in Q3 FY24.

ETMarkets.com

Mphasis
Mphasis saw a 0.1% decrease in promoters’ shareholding in the March quarter of FY24. The promoters’ shareholding declined to 55.45% in Q4 from 55.52% in Q3 FY24.

IANS

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