High promoters holding in a company generally indicates that the promoters have faith in the company and expect higher business growth in the future. This in turn builds a positive image of the company in the minds of investors and thus tends to attract more investments.
Here are 4 stocks that have not only delivered a multibagger return but also have high promoter holding:
Mahindra CIE Automotive Limited
The shares of the company ended lower at Rs 414 levels on Friday. In a longer time frame, the stock has logged a return of 52 percent in six months and delivered a multibagger return of 124 percent in the span of a year.
Mahindra CIE Automotive is a subsidiary of the CIE Automotive group of Spain. The Mahindra group, a promoter entity, holds a 9.25 percent stake. It is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas.
The promoters of the company have been increasing their stake marginally in the company and hold a 74.96 percent stake with zero shares pledged. The FIIs also hold a 7.29 percent stake in the company.
West Coast Paper Limited
The paper company saw its shares gain as much as 2.5 percent on Friday’s session and end the day at Rs 491 levels. In the period of one year, the stock has logged a multibagger return of 105 percent as the price has risen from Rs 240 a piece to the current levels.
West Coast Paper Mills Ltd is one of the oldest and largest producers of paper for printing, writing, and packaging in India. It is also in the business of manufacturing optical fibre cables.
The promoters of the small-cap company with a market capitalization of Rs 3,226 crores hold a decent stake of 56.52 percent with zero shares pledged.
Apar Industries Limited
The electrical equipment manufacturer’s stock declined marginally to end the session at Rs 2,304 on Friday. In the past month, the stock has gained 20 percent and in a year’s time frame, it has logged a multibagger return of 275 percent.
Apar Industries Limited is a diversified manufacturer and supplier of conductors, a wide variety of cables, specialty oils, polymers, and lubricants. The company has expanded to over 140 countries.
The promoter entity of the company holds a 60.64 percent stake with zero shares pledged which has remained constant in the last three quarters. Meanwhile, the FIIs also have been increasing their stake and are holding 6.73 percent.
BLS International Services Limited
The stock traded flat on Friday and ended at Rs 164.40 levels. In the span of six months, the stock has edged higher by 30 percent and in a year’s period, the stock has logged a multibagger return of 200 percent.
BLS International Services Limited (BLS), is a subsidiary of the BLS Group with a global presence and diverse range of services. It is one of the top three global players in visa application outsourcing, with a presence in visa, passport, consular, and citizen services in 62 countries.
The promoters of the company hold a 74.4 percent stake with zero shares pledged while the FIIs also hold a 8.2 percent stake in the company.
Written by Anoushka Roy
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