One of the important aspects for a retail investor to build confidence in a specific company is judged by the Promoter holding of the company.
Listed below are three stocks under the ‘micro-cap’ category in which respective Promoter Group members increased their stake during the quarter ended December 2023:
Shalibhadra Finance Limited
With a market capitalization of Rs 343 crores, the stocks of Shalibhadra Finance Limited, an asset finance company focusing on rural, semi-urban & other under-banked geographies, are currently locked in the 2 percent lower circuit at Rs 490 as compared to the previous closing levels of Rs 500 apiece.
Having a look at the latest shareholding data, the company’s Promoters, as per the financial quarter ended December 2023, have increased their stake in the company by 4.66 percent, i.e., from 55.35 percent during Q2FY24 to 60.01 percent during Q3FY24.
During the recent financial quarters, the company’s basic business indicators such as operating revenues and net profits showed some positive movements with the former increasing from Rs 7.34 crores during Q1FY23-24 to Rs 7.65 crores during Q2FY23-24, and the latter, during the same period, moving up from Rs 2.49 crores to Rs 3.01 crores.
Orchasp Limited
With a market capitalization of Rs 60.09 crores, the stocks of Orchasp Limited, engaged in the business of providing technological solutions with expertise in ‘Platform related’ services, are currently locked in the 5 percent upper circuit at Rs 4.01 as compared to the previous closing levels of Rs 3.82 apiece.
Having a look at the latest shareholding data, the company’s Promoters, as per the financial quarter ended December 2023, have increased their stake in the company by 11.57 percent, i.e., from 13.32 percent during Q2FY24 to 24.89 percent during Q3FY24.
During the recent financial quarters, the company’s basic business indicators such as operating revenues and net profits showed some positive movements with the former increasing from Rs 3.03 crores during Q1FY23-24 to Rs 3.50 crores during Q2FY23-24, and the latter, during the same period, moving up from Rs 25 lakhs to Rs 34 lakhs.
Pritika Auto Industries Limited
With a market capitalization of Rs 305.04 crores, the stocks of Pritika Auto Industries Limited, engaged in the business of manufacturing tractors and other automobile components, are currently trading at Rs 33.35, gaining approximately 4 percent as compared to the previous closing levels of Rs 32.13 apiece.
Having a look at the latest shareholding data, the company’s Promoters, as per the financial quarter ended December 2023, have increased their stake in the company by 19.84 percent, i.e., from 48.54 percent during Q2FY24 to 68.38 percent during Q3FY24.
During the recent financial quarters, the company’s basic business indicators such as operating revenues and net profits showed some negative movements with the former decreasing from Rs 94.72 crores during Q1FY23-24 to Rs 93.70 crores during Q2FY23-24, and the latter, during the same period, moving down from Rs 5.29 crores to Rs 4.75 crores.
Written by Amit Madnani
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