When a promoter releases his share pledge, it 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.
Adani Power Limited, part of the leading Indian conglomerate the Adani Group, is engaged in the business of generating electricity primarily through thermal energy and solar energy.
With a market capitalization of Rs. 2,75,019 Crores, the shares of Adani Power Limited closed at Rs. 713.05 per equity share, up 2.61 percent from its previous day’s close price of Rs. 694.90.
In Q1FY25 the promoters of Adani Power Limited decreased the pledge on their holdings in the company from 16.1 percent in Q4FY24 to 0.45 percent in Q1FY25.
Its Revenue from Operations grew by 29.86 percent from Rs. 38,773 Crores in FY23 to Rs. 50,351 Crores in FY24, accompanied by profits of Rs. 10,727 Crores to Rs. 20,829 Crores.
Granules India is primarily involved in the manufacturing and selling of Active Pharma Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs), and Finished Dosages.
With a market capitalization of Rs. 13,699 Crores, the shares of Granules India Limited closed at Rs. 565.25 per equity share, up 2.61 percent from its previous day’s close price of Rs. 550.85.
In Q1FY25 the promoters of Granules India Limited released the entire pledge on their holdings in the company from 4.03 percent in Q4FY24 to 0 percent in Q1FY25.
Its Revenue from Operations declined by 0.12 percent from Rs. 4,512 Crores in FY23 to Rs. 4,506 Crores in FY24, accompanied by profits of Rs. 517 Crores to Rs. 405 Crores.
Jai Balaji Industries Limited is engaged in the business of manufacturing iron and steel products like sponge iron, pig iron, ductile iron pipe, and many more.
With a market capitalization of Rs. 15,796 Crores, the shares of Jai Balaji Industries Limited closed at Rs. 916 per equity share, up 2.14 percent from its previous day’s close price of Rs. 896.85.
In Q1FY25 the promoters of Jai Balaji Industries decreased the pledge on their holdings in the company from 27.17 percent in Q4FY24 to 26.02 percent in Q1FY25.
Its Revenue from Operations grew by 4.71 percent from Rs. 6,125 Crores in FY23 to Rs. 6,414 Crores in FY24, accompanied by profits of Rs. 58 Crores to Rs. 880 Crores.
Sterling and Wilson Renewable Energy Limited is one of the leading end-to-end solar engineering, procurement, and construction (EPC) solutions providers globally and is also engaged in the operation and maintenance (O&M) of solar power projects.
With a market capitalization of Rs. 16,009 Crores, the shares of Sterling and Wilson Renewable Energy Limited closed at Rs. 686.25 per equity share, up 4.48 percent from its previous day’s close price of Rs. 656.80.
In Q1FY25 the promoters of Sterling and Wilson Renewable Energy Limited decreased the pledge on their holdings in the company from 37.16 percent in Q4FY24 to 34.88 percent in Q1FY25.
Its Revenue from Operations grew by 51 percent from Rs. 2015 Crores in FY23 to Rs. 3,035 Crores in FY24, accompanied by decreasing losses of Rs. 1,175 Crores to Rs. 211 Crores.
Emami Limited is engaged in manufacturing & marketing of personal care & healthcare products with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair, and Handsome and many more.
With a market capitalization of Rs. 35,073 Crores, the shares of Emami Limited closed at Rs. 798.80 per equity share, down 1.011 percent from its previous day’s close price of Rs. 806.95.
In Q1FY25 the promoters of Emami Limited decreased the pledge on their holdings in the company from 13.09 percent in Q4FY24 to 11.23 percent in Q1FY25.
Its Revenue from Operations grew by 5.06 percent from Rs. 3,406 Crores in FY23 to Rs. 3,578 Crores in FY24, accompanied by profits of Rs. 627 Crores to Rs. 724 Crores.
Written by Bharath KS
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.
