It is a very common habit among investors to track Promoter holdings in a stock and to check if it is increasing or decreasing on a continuous basis. High promoter holding and promoter increasing stake in stocks are usually seen as good signs among investors because promoters are the ones who are most versed with their own business.
However, several businesses and listed companies that are run by professional management have also created huge wealth for investors both in India and around the world.
Here is the list of 5 stocks with no Promoter Holdings that are strong returns:
1. BOMBAY STOCK EXCHANGE
Established in 1875, BSE (formerly known as Bombay Stock Exchange) is Asia’s first & the Fastest Stock Exchange in the world, with a speed of 6 microseconds, and one of India’s leading exchange groups. Over the past 143 years, BSE has facilitated the growth of the Indian corporate sector by providing it with an efficient capital-raising platform.
The current Market capitalization of BSE is Rs. 80,290 Crore, and in 5 years, the stock has given a return of 4,507 percent to its investors.
2. COFORGE
Coforge is a digital services and solutions provider that leverages emerging technologies and deep domain expertise to deliver real-world business impact for our clients. Formerly known as NIIT Technologies, it rebranded to Coforge in 2020 to mark a strategic shift toward deeper client engagement and a platform-driven approach.
The current Market capitalization of Coforge is Rs. 40,750 Crore, and in 5 years, the stock has given a return of 235 percent to its investors.
Also read: ₹1,407 Cr Acquisition: Is This Acquisition a Good Bet for Delhivery?
3. FEDERAL BANK
Federal Bank Limited is a leading private-sector bank in India, headquartered in Aluva, Kerala. It has a long history dating back to 1931, and over the years, it has grown into a well-respected mid-sized bank with a strong presence in both retail and corporate banking.
The current Market capitalization of Federal Bank is Rs. 47,890 Crore, and in 5 years, the stock has given a return of 324 percent to its investors.
4. MULTI COMMODITY EXCHANGE
The Multi Commodity Exchange of India Limited (MCX) is a state-of-the-art commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management.
The current Market capitalization of the Multi Commodity Exchange is Rs. 28,810 Crore, and in 5 years, the stock has given a return of 409 percent to its investors.
5. ICICI BANK
ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its group companies.
The current Market capitalization of ICICI Bank is Rs. 1,00,000 Crore, and in 5 years, the stock has given a return of 275 percent to its investors.
Written By Abhishek Das
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