12 Stocks Where Promoter Stake Increased In March Qtr But Stock Price Crashed

The promoter shareholding in a company is an important aspect that one cannot overlook if one is considering an investment in a particular stock. Also, when reading the shareholding pattern, one needs to compare the pattern for the quarter with the previous quarter so as to analyze how holdings have changed over a period.

12 Stocks Where Promoter Stake Increased In March Qtr But Stock Price Crashed

In a general sense, any increase in promoter holding in an entity is seen to be positive highlighting confidence of promoter and promoter group in the company. Sometimes the course is taken i.e. promoter holding is increased so as to boost market sentiment in the stock when the stock prices remain on the lower side.

Also, there are times when promoters use any correction in the stock price as opportunity for upping their stake in the company.

Below are listed some 12 stocks as compiled by LKP Securities which despite increase in promoter shareholding during March quarter saw their prices cash steeply:

Stocks where promoter stake increased during March ended quarter	Crash in stock price during Jan-May 2020 (in percentage terms)
NCC	61%
HFCL	48%
GHCL	47%
Jagran Prakashan	41%
Tata Power	41%
Godrej Industries	41%
Tata Steel	40%
Just Dial	38%
Godrej Agrovel	31%
GMR Infra	18%
Chambal Fertilisers	11%
Dishman Carbogen	10%

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