The President of India holds stakes in various companies. As per the reports available for September quarter (Q2FY24), the President of India publicly holds 78 stocks which are worth over Rs. 28, 44,107.6 Crores. Usually these stocks are held by the union government of India under the president’s name.
These are stocks in which the President of India has reduced stake in Q2FY24.
On November 16, 2023, the shares of Rail Vikas Nigam Limited closed at Rs. 158.65 down 1.18 percent from its previous day close price of Rs. 160.55 and its market capitalization is Rs. 33,037 Crores.
The President of India’s stake was reduced by 5.36 percent stake and Currently holds 72.84 percent stake consisting of 1,51,87,43,694 equity shares in Rail Vikas Nigam Limited.
The company’s revenue grew 4.64 percent from Rs. 19,381.71 Crores in FY22 to Rs. 20,281.57 Crores in FY23, accompanied by increasing profits of Rs. 1,110.14 Crores to Rs. 1,420.55 Crores.
Rail Vikas Nigam Limited is a central public sector enterprise with a navratna status, it is engaged in the business of implementing various types of Rail infrastructure projects doubling, gauge conversion, new lines, railway electrification, major bridges etc.
On November 16, 2023, the shares of SJVN Limited closed at Rs. 75.25, down 0.46 percent from its previous day close price of Rs. 75.60 and its market capitalization is Rs. 29,540 Crores.
The President of India’s stake was reduced by 4.92 percent and currently holds a 55 percent stake consisting of 2,16,14,56,210 equity shares in SJVN Limited.
Its revenue grew 21.57 percent from Rs. 2,417 Crores in FY22 to Rs. 2,938.35 Crores in FY23, accompanied by increasing profits of Rs. 989.8 Crores to Rs. 1,359.3 Crores.
SJVN Limited is engaged in the business of generation, transmission and consultancy of renewable energy sources like hydro energy, wind energy and solar energy.
Written by: Bharath K.S
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