Yesterday, several promoters took advantage of the market downturn by increasing their stake in their respective companies. This strategy signals confidence in the long-term growth potential of their businesses, as promoters often believe that the stock is undervalued during market corrections.
These share purchases are closely watched by investors, as they indicate a commitment to the company’s future success and can act as a positive signal to the market. As markets fluctuate, such actions by insiders may serve as a strategic move to bolster investor trust and align their interests with shareholders.
Listed below are some of the stocks in which the Promoter or its group increased their stake yesterday
Senco Gold
This company is a leading jewelry retailer specializing in gold, diamond, and platinum products. It operates over 127 stores across India and exports globally. Known for intricate craftsmanship, it offers over 1,50,000 designs annually through physical outlets and online platforms.
With a market capitalization of Rs. 4,497.95 Crores, the shares of Senco Gold Limited were trading at Rs. 274.80 per equity share, up 4.99 percent from its previous day’s close price of Rs. 261.75.
Jai Hanuman Shri Siddhivinayak Trust, a part of Promoter Group bought 80,400 equity shares on 18th March 2025 (19th March 2025 reported to exchange) valued at Rs. 1.99 crore.
Time Technoplast
The company is a multinational leader in polymer-based products. It serves industries like packaging, automotive, and infrastructure with innovative solutions such as composite cylinders, HDPE pipes, and industrial containers. Operating over 40 global facilities.
With a market capitalization of Rs. 8,509.84 Crores, the shares of Time Technoplast were trading at Rs. 375 per equity share, down 1.33 percent from its previous day’s close price of Rs. 380.05.
Time Securities Services Private Limited, a part of Promoter Group, bought 54,000 equity shares on 19th March 2025 (19th March 2025 reported to the exchange) valued at Rs. 2.03 crore.
Poonawalla Fincorp
The company is one of the leading non-banking financial company (NBFC) specializing in consumer and MSME financing. Formerly known as Magma Fincorp, it became part of the Cyrus Poonawalla Group in 2021. Offering diverse loan products and digital solutions, it operates over 100 branches across India.
With a market capitalization of Rs. 24,939.12 Crores, the shares of Poonawalla Fincorp Limited were trading at Rs. 320.55 per equity share, down 0.82 percent from its previous day’s close price of Rs. 323.20.
Rising Sun Holdings Private Limited, a part of Promoter Group bought 7,00,280 equity shares on 18th March 2025 (19th March 2025 reported to exchange) valued at Rs. 21.13 crore.
Steel Strips Wheels
The company designs, manufactures, and markets steel and alloy wheel rims for two-wheelers, passenger cars, commercial vehicles, and tractors. It operates five manufacturing plants across India and serves domestic and international markets with high-quality automotive solutions.
With a market capitalization of Rs. 2,927.52 Crores, the shares of Steel Strips Wheels Limited were trading at Rs. 186.55 per equity share, up 0.32 percent from its previous day’s close price of Rs. 185.95.
Chandigarh Developers Private Limited, a part of Promoter Group bought 1,63,023 equity shares on 18th March 2025 (19th March 2025 reported to exchange) valued at Rs. 2.95 crore. Further, they bought 40,462 equity shares on 19th March 2025 (20th March 2025 reported to the exchange) valued at 0.75 crore.
Written by Santhosh S
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