The promoter releasing his share pledge is typically viewed positively as it indicates improved financial health and reduced financial risk for both the promoter and the company. It signals increased confidence from the promoter in the company’s future prospects, which can be a reassuring sign for investors.
Listed below are some of the stocks available under Rs. 200 in which the company’s promoters have reduced the pledge on their holding in Q2FY25.
GMR Airports Infrastructure
GMR Infrastructure is mainly engaged in the development, maintenance, and operation of airports, generation of power, coal mining and exploration activities, development of highways, development, maintenance, and operation of special economic zones.
With a market capitalization of Rs. 84,535 Crores, the shares of GMR Airports Infrastructure Limited closed at Rs. 80.06 per equity share, down 0.96 percent from its previous day’s close price of Rs. 80.84.
In Q2FY25 the promoters of GMR Airports Infrastructure Limited decreased the pledge on their holdings in the company from 58.03 percent in Q1FY25 to 27.09 percent in Q2FY25.
Cupid
Cupid Limited is engaged in the business of dealing, marketing, and manufacturing rubber contraceptives and allied prophylactic products under the brand name Cupid. It is one of India’s premier manufacturer of male and female condoms, waterbased lubricant jelly, IVD
With a market capitalization of Rs. 2,254 Crores, the shares of Cupid Limited closed at Rs. 84.01 per equity share, down 1.14 percent from its previous day’s close price of Rs. 84.98.
In Q2FY25 the promoters of Cupid Limited decreased the pledge on their holdings in the company from 46.31 percent in Q1FY25 to 31.03 percent in Q2FY25.
Prakash Industries
Prakash Industries Limited is engaged in the business of manufacturing and sale of Steel Products and generation of Power.
With a market capitalization of Rs. 3,052 Crores, the shares of Prakash Industries Limited closed at Rs. 170.45 per equity share, down 0.15 percent from its previous day’s close price of Rs. 170.70.
In Q2FY25 the promoters of Prakash Industries Limited decreased the pledge on their holdings in the company from 13.34 percent in Q1FY25 to 10.61 percent in Q2FY25.
Inox Green Energy Services
Inox Green Energy Services Limited is one of the major wind power operation and maintenance service providers. Its services include long-term O&M services, WTG Operation Services, coordination with DISCOMs, Management Systems, Predictive Maintenance, and Reactive Maintenance, remote monitoring & control, and many more.
With a market capitalization of Rs. 5,727 Crores, the shares of Inox Green Energy Services Limited closed at Rs. 157.24 per equity share, down 5.7 percent from its previous day’s close price of Rs. 166.87.
In Q2FY25 the promoters of Inox Green Energy Services Limited decreased the pledge on their holdings in the company from 9.66 percent in Q1FY25 to 4.68 percent in Q2FY25.
Mangalam Worldwide
Mangalam Worldwide Limited is engaged in manufacturing and trading steel products and other merchandise like billets, ingots, and bars, catering to various industries.
With a market capitalization of Rs. 399 Crores, the shares of Mangalam Worldwide Limited closed at Rs. 163 per equity share, down 2.25 percent from its previous day’s close price of Rs. 166.75.
In Q2FY25 the promoters of GMR Airports Infrastructure Limited decreased the pledge on their holdings in the company from 9.68 percent in Q1FY25 to 7.99 percent in Q2FY25.
Written by: Bharath K.S
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