When a promoter starts increasing his holding in the company, it is typically viewed positively as it indicates increased confidence from the promoter in the company’s performance and future prospects, which can be a reassuring sign for investors.
Listed below are some of the stocks in which the company’s promoters have increased their holding in Q1FY25 that you can add to your watchlist
Route Mobile
Route Mobile Limited is a cloud communications platform service provider catering to enterprises, OTT players, and mobile network operators (MNOs), Its portfolio comprises solutions in Business Messaging, Voice, Email, SMS filtering, analytics, and monetization
With a market capitalization of Rs. 10,217 Crores, the shares of Route Mobile Limited were trading at Rs. 1,628 per equity share, up 0.65 percent from its previous day’s close price of Rs. 1,616.90.
As of Q1FY25, the promoters of Route Mobile Limited have increased their holding in the company from 57.99 percent in Q4FY24 to 83.11 percent in Q1FY25, by purchasing an additional 25.12 percent stake.
Its revenue from operations grew by 14.07 percent from Rs. 967 Crores in Q1FY24 to Rs. 1,103 Crores in Q1FY25, accompanied by profits of Rs. 92 Crores to Rs. 81 Crores.
Jai Balaji Industries
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. 15,520 Crores, the shares of Jai Balaji Industries Limited were trading at Rs. 900 per equity share, down 3.51 percent from its previous day’s close price of Rs. 932.75.
As of Q1FY25, the promoters of Jai Balaji Industries Limited have increased their holding in the company from 60.80 percent in Q4FY24 to 64.84 percent in Q1FY25, by purchasing an additional 4.04 percent stake.
Its revenue from operations grew by 7.05 percent from Rs. 1,724 Crores in Q4FY23 to Rs. 1,846 Crores in Q4FY24, accompanied by a loss of Rs. 13 Crores to a profit of Rs. 273 Crores.
Adani Enterprises
Adani Enterprises Limited is a holding company operating across various businesses like resource management, FMCG, Power, airports, data centers, and many more through its Joint Ventures/subsidiaries/associates.
With a market capitalization of Rs. 3,50,732 Crores, the shares of Adani Enterprises Limited were trading at Rs. 3,075 per equity share, down 0.45 percent from its previous day’s close price of Rs. 3,088.75.
As of Q1FY25, the promoters of Adani Enterprises Limited have increased their holding in the company from 72.61 percent in Q4FY24 to 74.72 percent in Q1FY25, by purchasing an additional 2.11 percent stake.
Its revenue from operations grew by 0.82 percent from Rs. 28,944 Crores in Q4FY23 to Rs. 29,180 Crores in Q4FY24, accompanied by profits of Rs. 781 Crores to Rs. 352 Crores.
Ambuja Cements
Ambuja Cements Limited is part of the Indian Conglomerate the Adani Group and is among the leading cement companies in India, it is primarily engaged in the business of manufacturing and sale of cement and cement-related products under the brand names, Ambuja Cement, Ambuja Kawach, Ambuja Cool Walls, and many more.
With a market capitalization of Rs. 1,66,260 Crores, the shares of Ambuja Cements Limited were trading at Rs. 674.50 per equity share, down 0.75 percent from its previous day’s close price of Rs. 679.60.
As of Q1FY25, the promoters of Ambuja Cements Limited have increased their holding in the company from 66.74 percent in Q4FY24 to 70.33 percent in Q1FY25, by purchasing an additional 3.59 percent stake.
Its revenue from operations grew by 11.65 percent from Rs. 7,966 Crores in Q4FY23 to Rs. 8,894 Crores in Q4FY24, accompanied by profits of Rs. 763 Crores to Rs. 1,526 Crores.
BCL Industries
BCL Industries is mainly engaged in the business of manufacturing, processing, and distribution of Edible oil and vanaspati, distillery, and Real Estate construction in India.
With a market capitalization of Rs. 1,719 Crores, the shares of BCL Industries Limited were trading at Rs. 63.14 per equity share, up 0.38 percent from its previous day’s close price of Rs. 62.90.
As of Q1FY25, the promoters of Ambuja Cements Limited have increased their holding in the company from 56.08 percent in Q4FY24 to 59.47 percent in Q1FY25, by purchasing an additional 3.39 percent stake.
Its revenue from operations grew by 30.78 percent from Rs. 457 Crores in Q4FY23 to Rs. 598 Crores in Q4FY24, accompanied by profits of Rs. 25 Crores to Rs. 24 Crores.
Written by: Bharath K.S
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