The Nifty 50 ended on a bearish note this Monday, down by 243 points compared to the previous closing price. In times of market volatility, promoter activity often reveals underlying confidence in a company. Despite the correction, some promoters continue to raise their stake, highlighting their bullish outlook.
Listed below are the 3 stocks in which promoters increased their stake in Q3 FY25.
Himadri Speciality Chemical Limited
Himadri Speciality Chemical Limited manufactures specialty chemicals for industries like consumer care, textiles, oil and gas, and more. It has world-class manufacturing units in India and China, and operates all over the world.
With a market capitalization of Rs 21,428.23 crore, the stock closed at a price of Rs 434.05 which is 2.6 percent lower than the previous closing price.
The promoters of Himadri Speciality Chemical have increased holdings from 50.78 percent in Q2 FY25 to 51.56 percent in Q3 FY25.
The company recorded an 8 percent YoY increase in revenue from Rs 1,053 crore to Rs 1,141 crore. This was accompanied by a 29 percent YoY increase in net profits from Rs 109 crore to Rs 141 crore.
UPL Ltd
UPL Ltd is engaged in the business of industrial chemicals, agrochemicals, specialty chemicals, chemical intermediates, and the production and sale of field crops and vegetable seeds.
With a market capitalization of Rs 55,508.57 crore, the stock closed at a price of Rs 647.05, a slight increase compared to the previous closing price.
The promoters of UPL have increased holdings from 32.52 percent in Q2 FY25 to 33.51 percent in Q3 FY25.
The company recorded a 10 percent YoY increase in revenue from Rs 9,887 crore to Rs 10,907 crore. The company’s net profits stood at Rs 853 in Q3 as compared to a loss of Rs 1,607 crore in the previous year.
Poonawalla Fincorp Ltd
Poonawalla Fincorp Limited, formerly known as Magma Fincorp Limited, is an RBI-registered non-deposit-taking NBFC. It focuses on consumer and MSME financing, along with general insurance services.
With a market capitalization of Rs 21,496.40 crore, the stock closed at a price of Rs 276.30 which is 2.4 percent lower than the previous closing price.
The promoters of Poonawalla Fincorp have increased holdings from 61.87 percent in Q2 FY25 to 62.36 percent in Q3 FY25.
The company reported a 37 percent YoY increase in total income from Rs 774 crore to Rs 1,057 crore. The net profits however fell 92 percent from Rs 265 crore to Rs 21 crore in Q3 FY25.
Written by Shwetha Sairam
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
