The promoter releasing his share pledge is typically viewed positively as it indicates improved financial health and reduced financial risk for both the promoter and the company. It signals increased confidence from the promoter in the company’s future prospects, which can be a reassuring sign for investors.
Listed below are some of the stocks in which the company’s promoters have reduced the pledge on their holding in Q2FY25.
Max Financial Services
Max Financial Services Limited operates as a holding company for Max Life Insurance Company Limited. It is engaged in the business of investments, providing management advisory services and life insurance solutions.
With a market capitalization of Rs. 41,456 Crores, the shares of Happiest Minds Technologies Limited were trading at Rs. 1,209.10 per equity share, up 0.90 percent from its previous day’s close price of Rs. 1,198.30.
In Q1FY25 the promoters of Max Financial Services Limited decreased the pledge on their holdings in the company from 72.64 percent in Q1FY25 to 0.10 percent in Q2FY25.
Happiest Minds Technologies
Happiest Minds Tech Happiest Minds Technologies Limited is a digital transformation information technology (IT) consulting and services company. Its segments include Infrastructure Management & Security Services (IMSS), Digital Business Solutions (DBS) Product Engineering Services (PES), and others if any.
With a market capitalization of Rs. 12,274 Crores, the shares of Happiest Minds Technologies Limited were trading at Rs. 806 per equity share, up 0.07 percent from its previous day’s close price of Rs. 805.45.
In Q1FY25 the promoters of Happiest Minds Technologies Limited decreased the pledge on their holdings in the company from 8.14 percent in Q1FY25 to 1.76 percent in Q2FY25.
Hindustan Zinc
Hindustan Zinc Limited is engaged in the exploration, extraction, processing of minerals, and manufacturing of metals and alloys. It is India’s largest and only integrated producer of zinc, lead, and silver.
With a market capitalization of Rs. 2,19,230 Crores, the shares of Hindustan Zinc Limited were at Rs. 515.25 per equity share, down 0.90 percent from its previous day’s close price of Rs. 519.95.
In Q1FY25 the promoters of Hindustan Zinc Limited decreased the pledge on their holdings in the company from 99.04 percent in Q1FY25 to 95.42 percent in Q2FY25.
Apollo Hospitals Enterprise
Apollo Hospitals Enterprise Limited is engaged in the business of providing hospital services and selling pharma and wellness products through a network of pharmacies, including the operation of multidisciplinary private hospitals, clinics, diagnostic centers, and pharmacies. Its segments include Healthcare Services, Retail Health and Diagnostics, Digital Health
With a market capitalization of Rs. 1,01,212 Crores, the shares of Apollo Hospitals Enterprise Limited were trading at Rs. 7,064.15 per equity share, down 0.40 percent from its previous day’s close price of Rs. 7,092.70.
In Q1FY25 the promoters of Apollo Hospitals Enterprise Limited decreased the pledge on their holdings in the company from 16.09 percent in Q1FY25 to 13.99 percent in Q2FY25.
Written by: Bharath K.S
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