In the market, while most companies are led by their promoters, some stand out even without any promoter holdings that stand out due to their strong fundamentals. These companies succeed because of their solid business models, strong financial health, and good management, making them great investment options.
What makes these companies even more attractive is their independence. Instead of being controlled by one promoter, they are driven by a range of stakeholders. This leads to more openness and fair decision-making, as they aren’t controlled by one family or group.
With no promoter stake, these companies often draw in investors who value this independence, which helps in better governance and a focus on long-term growth, rather than quick profits. Their ability to evolve and innovate without the pressure of a promoter’s influence makes them a unique and valuable opportunity in the market.
Here is the list of stocks to look out for
Larsen & Toubro Ltd
Larsen & Toubro (L&T) is a leading Indian multinational engaged in engineering, construction, manufacturing, and technology services and has a presence in various sectors like infrastructure, defense, and energy. L&T is known for delivering large-scale projects across the globe.
With a market capitalization of Rs. 4,96,242.66 crores, the company’s revenue rose by 10.8 percent from Rs. 68,120 crore to Rs. 75,527 crore in Q4FY24-25. Meanwhile, Net profit rose from Rs. 4,396.12 crore to Rs. 5,497.26 crore during the same period.
The company has no promoter holdings, while Foreign Institutional Investors (FIIs) hold 19.80 percent, Domestic Institutional Investors (DIIs) own 42.71 percent, and the general public holds 37.49 percent of the shares.
Eternal Ltd
Eternal Ltd (formerly Zomato Ltd) is a leading Indian multinational company, primarily known for its food delivery platform, Zomato. It has recently rebranded to “Eternal” to reflect its expansion into other sectors like quick-commerce (Blinkit), B2B kitchen supplies (Hyperpure), and live events (District).
With a market capitalization of Rs. 2,36,916.11 crores, the company’s revenue rose by 63 percent from Rs. 3,797 crore to Rs. 6,201 crore in Q4FY24-25. Meanwhile, Net profit declined from Rs. 175 crore to Rs. 39 crore during the same period.
The company has no promoter holdings, while Foreign Institutional Investors (FIIs) hold 44.36 percent, Domestic Institutional Investors (DIIs) own 23.56 percent, and the general public holds 32.08 percent of the shares.
Indian Energy Exchange Ltd
Indian Energy Exchange (IEX) is the leading electricity trading platform in India, facilitating the efficient trading of electricity. IEX offers a transparent and reliable marketplace for energy transactions, connecting power producers, distribution companies, and other market participants.
With a market capitalization of Rs. 17,923.96 crores, the company’s revenue rose by 16.9 percent from Rs. 149.28 crore to Rs. 174.6 crore in Q4FY24-25. Meanwhile, Net profit rose from Rs. 96.69 crore to Rs. 117.11 crore during the same period.
The company has no promoter holdings, while Foreign Institutional Investors (FIIs) hold 16.12 percent, Domestic Institutional Investors (DIIs) own 34.14 percent, and the general public holds 49.73 percent of the shares.
Multi Commodity Exchange of India Ltd
The Multi Commodity Exchange of India (MCX) is the country’s largest commodity futures exchange. It enables traders and investors to trade in a variety of commodities, such as metals, energy, and agricultural products. MCX provides a transparent and regulated platform for price discovery and risk management, contributing significantly to the growth of India’s commodities market.
With a market capitalization of Rs. 32,885.28 crores, the company’s revenue rose by 60.6 percent from Rs. 199.45 crore to Rs. 320.49 crore in Q4FY24-25. Meanwhile, Net profit rose from Rs. 87.87 crore to Rs. 135.46 crore during the same period.
The company has no promoter holdings, while Foreign Institutional Investors (FIIs) hold 21.81 percent, Domestic Institutional Investors (DIIs) own 58.10 percent, and the general public holds 20.10 percent of the shares.
Written by Sridhar J
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