Promoters expanding their investment in a company are frequently regarded as a favorable sign of trust in the firm’s future development. This tendency might indicate the promoters’ confidence in the company’s long-term growth potential and stability.
Here are three stocks in which Promoter has increased stake up to 2.31% in the Q2FY25;
Kalyan Jewellers India Ltd
Kalyan Jewellers India Limited is an India-based jewelry retailer, which is engaged in offering gold, diamond, pearl, white gold, gemstone, platinum, and silver jewelry products. The Company’s brand includes Mudhra, Anokhi, Rang, Vedha, Tejasvi, Apoorva, Ziah, Laya and Glo.
With a market capitalization of Rs 71,036 crore, the shares were trading at Rs 689 per share, decreasing around 2.17 percent as compared to the previous closing price.
The promoters of the company increased their stake by 2.31%, from 60.59% in Q1FY25 to 62.90% in Q2FY25. Additionally, 7.62% is owned by retail investors, 13.74% is held by domestic institutional investors, and 15.74% is owned by foreign institutional investors.
The company’s revenue stood at Rs 5,535 crore in Q1FY25, during the same time frame, net profit stood at Rs 178 crore.
Himadri Speciality Chemical Ltd
Himadri Speciality Chemical Limited designs and manufactures specialty chemicals for textile, consumer care, oil and gas, chemical intermediates, and other industries. The Company has operations in India and caters to both domestic and international markets. It serves both domestic and international customers.
With a market capitalization of Rs 28,909 crore, the shares were trading at Rs 586 per share, decreasing around 4.22 percent as compared to the previous closing price.
The promoters of the company increased their stake by 0.58%, from 50.20% in Q1FY25 to 50.78% in Q2FY25. Additionally, 40.39% is owned by retail investors, 3.59% is held by domestic institutional investors, and 5.24% is owned by foreign institutional investors.
The company’s revenue stood at Rs 1,137 crore in Q1FY25, during the same time frame, net profit stood at Rs 136 crore.
Jai Balaji Industries Ltd
Jai Balaji Industries Limited is engaged in the business of manufacturing of iron and steel products. The Company’s products include sponge iron, pig iron, ductile iron pipe, ferrochrome, billet, thermo mechanically treated (TMT), coke, and sinter with the captive power plant.
With a market capitalization of Rs 19,157.28 crore, the shares were trading at Rs 1,050.00 per share, decreasing around 4.94 percent as compared to the previous closing price.
The promoters of the company increased their stake by 1%, from 63.85% in Q1FY25 to 64.84% in Q2FY25. Additionally, 32.05% is owned by retail investors, 0.09% is held by domestic institutional investors, and 3.00% is owned by foreign institutional investors.
The company’s revenue stood at Rs 1,718 crore in Q1FY25, during the same time frame, net profit stood at Rs 209 crore.
Written by:- Abhishek Singh
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