👀 Ones to watch: Undervalued stocks to buy before they report Q3 earningsSee Undervalued Stocks

5 Stock Prices Have Risen up to 112% But Pledged Shares Are Between 23-83%

Published 07-06-2021, 08:39 am
Updated 07-06-2021, 08:46 am
© Reuters.
ADAN
-
HZNC
-
JNSP
-
PAFO
-
INUS
-

By Aditya Raghunath

Investing.com -- Promoters pledge their shares for a variety of reasons, it could be for personal expenses or to raise funds for new businesses or raise additional funds for the main business. The COVID-19 pandemic has impacted the whole industry and promoters may have been forced to pledge their shares to tide over the financial impact of the pandemic.

Generally, when share prices of a stock go up, it gives promoters headroom to lower their pledged shares thank to the increase in valuation in their equity too. However, this time the pledged shares of promoters for certain companies continue to remain high, according to Primeinfobase.com.

  1. Hindustan Zinc Ltd. (NS:HZNC)

Share price on December 31, 2020: Rs 239.05

Share price on June 4, 2021: Rs 333.25

Percentage gain: 40%

Pledged share percentage: 22.83%

  1. Adani Power Ltd (NS:ADAN)

Share price on December 31, 2020: Rs 49.8

Share price on June 4, 2021: Rs 105.75

Percentage gain: 112%

Pledged share percentage: 28.6%

  1. Indus Towers Ltd (NS:INUS)

Share price on December 31, 2020: Rs 229.9

Share price on June 4, 2021: Rs 247.9

Percentage gain: 8%

Pledged share percentage: 40.26%

  1. Jindal Steel & Power Ltd (NS:JNSP)

Share price on December 31, 2020: Rs 266.45

Share price on June 4, 2021: Rs 397.9

Percentage gain: 49%

Pledged share percentage: 40.8%

  1. Ruchi Soya Industries Ltd (NS:RCSY)

Share price on December 31, 2020: Rs 674.25

Share price on June 4, 2021: Rs 1,195.25

Percentage gain: 77%

Pledged share percentage: 82.96%

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.