promoters pledged share: These 6 companies’ promoters reduce their pledged share; stocks surge up to 100% so far in FY23
ET Markets found 15 stocks have given positive share price return so far in FY23 and among them, six stocks have gained anywhere between 35 and 100% (Data Source: ACE Equity)
Promoters pledge the share to raise funds for business expansion. Companies with high promoter pledging tend to witness high volatility in their stock prices while reducing pledged shares is likely to minimize the investors’ risk.
| share price return so far in FY23 : 100%
Pledge as a percentage of promoter shares reduce in the September quarter to 2.66% as against 3.79% in the June quarter.
CMP: Rs 4031
| share price return so far in FY23: 76%
Pledge as a percentage of promoter shares reduced in the September quarter to 25.01% as against 25.33% in the June quarter.
CMP: Rs 325
| share price return so far in FY23: 49%
Pledge as a percentage of promoter shares reduced in the September quarter to 11.88% as against 14.72% in the June quarter.
CMP: Rs 94
| share price return so far in FY23: 41%
Pledge as a percentage of promoter shares reduced in the September quarter to 4.28% as against 6.09% in the June quarter.
CMP: Rs 608
Transmission | share price return so far in FY23: 39%
Pledge as a percentage of promoter shares reduced in the September quarter to 50.39% as against 52.03% in the June quarter.
CMP: Rs 510
| share price return so far in FY23: 35%
Pledge as a percentage of promoter shares reduced in the September quarter to 11.14% as against 19.05% in the June quarter.
CMP: Rs 79
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