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Promoters are individuals or entities who establish and oversee the initiation and growth of a business venture. They often provide the initial capital, develop the business idea, and take strategic decisions to ensure its success. Promoters typically have a vested interest in the company’s performance and may hold significant ownership stakes. 

Here are stocks in which promoter decreased their stake up to 11.16 % in Q4FY24 from Q3FY24 

Aditya Birla Sun Life AMC Ltd 

Aditya Birla Sun Life AMC Limited provides asset management services to Aditya Birla Sun Life Mutual Fund. The company administers the investment portfolios of Aditya Birla Sun Life Mutual Fund and serves as an investment manager for Aditya Birla Real Estate Debt Fund. 

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With a market capitalization of Rs 14,462.18 crore, the shares were trading at Rs 502.00 per share, increasing around 0.60 percent as compared to the previous closing price. 

The promoter of the company decreased its stake by 11.16%, from 86.48% in Q3FY24 to 75.32% in Q4FY24. Additionally, 8.24% is owned by retail investors, 12.08% is held by domestic institutional investors, and 4.37% is owned by foreign institutional investors. 

The company’s revenue stood at Rs 341 crore in Q3FY24, during the same time frame, net profit stood at Rs 209 crore. 

G R Infraprojects Ltd 

G R Infraprojects Ltd is an integrated road engineering, procurement, and construction (EPC) business with expertise in designing and constructing road/highway projects in 15 Indian states. It mostly works on civil construction projects in the road sector using EPC and BOT (Build Operate Transfer) models. 

With a market capitalization of Rs 12,733.94 crore, the shares were trading at Rs 1,317.00 per share, decreasing around 0.85 percent as compared to the previous closing price. 

The promoter of the company decreased its stake by 5%, from 79.74% in Q3FY24 to 74.74% in Q4FY24. Additionally, 3.90% is owned by retail investors, 20.61% is held by domestic institutional investors, and 0.76% is owned by foreign institutional investors. 

The company’s revenue stood at Rs 2,134 crore in Q3FY24, during the same time frame, net profit stood at Rs 243 crore.

Aditya Vision Ltd 

Aditya Vision Limited is an Indian consumer electronics retail business that operates under many brands. The Company’s primary activity is the retail sale of electronic items such as consumer electronics, home appliances, mobility, and information technology (IT). 

With a market capitalization of Rs 4,190.44 crore, the shares were trading at Rs 3,268.95 per share, decreasing around 3.72 percent as compared to the previous closing price. 

The promoter of the company decreased its stake by 7.76%, from 61.19% in Q3FY24 to 53.43% in Q4FY24. Additionally, 29.66% is owned by retail investors, 7.49% is held by domestic institutional investors, and 9.42% is owned by foreign institutional investors. 

The company’s revenue stood at Rs 413 crore in Q3FY24, during the same time frame, net profit stood at Rs 22 crore. 

Written by:- Abhishek Singh

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