Over 200 listed companies saw promoters increasing stake lately

Of late amid positive domestic macros and India Inc.’s resilience in the face of global headwinds, promoters who are largely company owners have increased their stake in listed entities as per Zee Business Research desk inputs. This is widely given the promoters’ bullishness on their business line.

Furthermore, interestingly, promoters continued to increase their stake even in March when broader markets corrected sharply, thus providing an opportune price to enter these scrips.

The increasing bet by promoters indeed signifies support for the market in the mid-to-long term.

So, as is evident, the promoter hike spans across sectors, largely covering cement, metal, energy and financial services. And upon, the move, the stock performance of these companies has seen both an increase as well as decrease notably.