Infosys, Jindal Steel, and Adani Ports among 30 companies where promoters raised stakes in Q3; check the full list

The Indian equity benchmarks staged a strong performance in the third quarter of the current financial year (Q3 FY26) as the benchmark indices, NIFTY50 and SENSEX, jumped 6.2% each, data from the stock exchanges showed.

The up move in the third quarter came after the NIFTY50 index declined 3.55% in the second quarter.

The strong performance in the third quarter came as investor sentiment toward equities improved significantly after the government announced Goods and Services Tax (GST) rate cuts.

Prime Minister Narendra Modi, in his speech on Independence Day from the ramparts of Red Fort, called for rationalisation of the GST regime.

Amid a strong move staged by the benchmarks, promoters of 30 companies in the NIFTY 500 index increased their stakes in the third quarter of the current financial year, data from Ace Equity showed.

Promoters raising stakes in their own companies generally indicate their positive sentiment towards their business.

Promoters are aware of the company's plan, actual financials, growth rate, product demand, etc. When the promoter holding is high, it shows management is confident about the business and future potential.

Therefore, high promoter holding gives confidence to investors for investing in the company, analysts said.

High promoter holding indicates stability in the business. Promoters are confident to run the business and know how to tackle the coming risks to keep running the business operations smoothly.

Chambal Fertilisers and Chemicals, NCC, Vardhman Textiles, Deepak Nitrite, Supreme Industries, Lloyds Metals, JM Financial, Saregama, and Cyient were also some companies where promoters increased their stake in the company.