Small-cap companies, due to their comparatively lower scale of operations, find the situation advantageous if the Promoters have ‘skin in the game’, i.e., actively participating in the activities of the company. If the Promoter increases their stake, it is usually taken as a positive signal as they are confident about the company’s prospects.
Listed below are three small-cap stocks where the Promoters have increased their stake in Q1FY23-24:
Lloyds Steels Industries Limited
With a market capitalization of Rs 3,716 crores, the shares of Lloyds Steels Industries Limited are currently trading at Rs 34.45 apiece gaining around 1.60 percent as compared to the previous closing levels of Rs 33.90.
Having a look at the shareholding pattern of the company, the Promoters have increased their stake by approximately 2.98 percent, i.e., from 57.66 percent during the quarter ending March 2023 to 60.64 percent during the quarter ending June 2023.
Lloyds Steels Industries Limited is involved in the provision of engineering products and services in India. The company manufactures, supplies, and commissions hydraulic, mechanical, and many other equipments.
IFCI Limited
With a market capitalization of Rs 3,136 crores, the shares of IFCI Limited are currently trading at Rs 12.60 apiece slipping around 1.20 percent as compared to the previous closing levels of Rs 12.75.
Having a look at the shareholding pattern of the company, the Promoters have increased their stake by approximately 3.97 percent, i.e., from 66.35 percent during the quarter ending March 2023 to 70.32 percent during the quarter ending June 2023.
Industrial Finance Corporation of India (IFCI) offers various debt products such as short, medium, and long-term loans to corporates and investments in listed as well as unlisted companies.
Imagicaaworld Entertainment Limited
With a market capitalization of Rs 2,625 crores, the shares of Imagicaaworld Entertainment Limited are currently trading at Rs 54.50 apiece gaining around 3.60 percent as compared to the previous closing levels of Rs 52.55.
Having a look at the shareholding pattern of the company, the Promoters have increased their stake by approximately 4.91 percent, i.e., from 65.95 percent during the quarter ending March 2023 to 70.86 percent during the quarter ending June 2023.
Imagicaaworld Entertainment Limited is involved in the business of developing as well as operating theme-based entertainment destinations in India. The same includes water parks, theme parks, and other associated activities such as retail merchandising, etc.
Written by Amit Madnani
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