Top stocks which saw rise in promoter holding in Q1FY25

The Indian stock market is characterized by constant fluctuations, with shifts in shareholding patterns frequently changing due to strategic decisions made by promoters and investors. During Q1FY25, some of the most popular companies registered massive changes in their promoters' holdings, suggesting a strong belief in their prospects moving forward.

Route Mobile Ltd

Route Mobile Ltd, which operates on cloud communication platforms, saw a significant 25.11% rise in its promoters' stake, mainly from Proximus Opal, despite reductions in foreign institutional investors (FIIs). This movement highlights a transition in strategy and increased assurance among business stakeholders about the substantial prospects for expansion within the company. Route Mobile is currently priced at ₹1,634.35, with a market capitalization of ₹10,261.86 crore. In Q1FY25, there was a 10.08% decrease in FII holding and a 25.11% increase in promoter holding. Proximus Opal, as a promoter, now holds an 83.11% stake in the company. Among the FIIs, Theleme Master Fund, Government Pension Fund Global, Theleme India Master Fund Limited, and Pinebridge Global Funds have off-loaded their stakes last quarter.

Poly Medicure Ltd

Poly Medicure Limited, an Indian manufacturer and exporter of medical devices, is trading at ₹1,842.1 with a market capitalization of ₹17,678.95 crore. During Q1FY25, there was a 2.46% decrease in FII holding and a 12.88% increase in promoter holding. Ezekiel Global Business Solutions LLP, as a promoter, bought shares, while Lighthouse India III Equity Investors Limited sold its stake.

Ambuja Cements Ltd

Ambuja Cements Ltd, a leading cement company in India and a member of the Adani Group, has a current market price of ₹659.25 and a market capitalization of ₹1,62,381.4 crore. In Q1FY25, FII holding decreased by 1.5% while promoter holding increased by 3.59%. Holderind Investments Ltd decreased its stake by 6.16%, while Harmonia Trade and Investment Limited increased its stake by 9.75%. Among the FIIs, GQG Partners Emerging Markets Equity Fund reduced its stake.

Jai Balaji Industries Ltd

Jai Balaji Industries Limited, engaged in the manufacturing of iron and steel products, is priced at ₹925.7 with a market capitalization of ₹15,964.41 crore. In Q1FY25, FII holding decreased by 0.03% and promoter holding increased by 2.04%. Fourteen promoters made changes in their shareholding patterns.

Adani Energy Solutions Ltd

Adani Energy Solutions Ltd, part of the Adani portfolio, is a multidimensional organization in the energy domain. It is trading at ₹1,249.7 with a market capitalization of ₹1,39,403.15 crore. During Q1FY25, there was a 1.96% decrease in FII holding and a 1.72% increase in promoter holding. Adani Tradeline Private Limited increased its stake by 0.16%, while Emerging Market Investment DMCC bought a new stake of 1.56%, with others making minor changes. Envestcom Holding Rsc Ltd increased its stake from 3.82% to 4.95%.

Adani Green Energy Ltd

Adani Green Energy Limited, a renewable power generation company, has a current market price of ₹1,864.85 and a market capitalization of ₹2,95,398.32 crore. In Q1FY25, FII holding decreased by 1.24% while promoter holding increased by 1.14%. Ardour Investment Holding Ltd and Adani Tradeline Private Limited bought the stake as promoters.

Conclusion The notable rise in promoter holdings across various companies indicates a strong belief in their future growth. Despite a decline in FII stakes, these changes reflect strategic shifts and increased confidence among promoters in their companies' prospects.