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5 Stocks that Zoomed Up to 83% After Promoters Increased Stakes in March Quarter

Published 20-05-2021, 08:30 am
DPFE
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HPCL
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INBK
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TAMO
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VRLL
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By Aditya Raghunath

Investing.com -- It is always a sign of confidence in the company when the promoter increases their holding in it. This is a sign that is read positively by investors. It generally means that the company is set to grow at a quick pace and the promoters want to make the most of it. Here are five companies where promoters increased their holdings in the March quarter:

  1. Tata Motors Ltd (NS:TAMO)

Promoter holding on December 31, 2020: 42.39%

Promoter holding on March 31, 2021: 46.41%

Share price on December 31, 2020: Rs 183.85

Share price on May 19, 2021: Rs 314.1

Percentage difference: Up 71%

  1. Hindustan Petroleum Corporation Ltd (NS:HPCL)

Promoter holding on December 31, 2020: 51.57%

Promoter holding on March 31, 2021:53.5%

Share price on December 31, 2020: Rs 217.9

Share price on May 19, 2021: Rs 273.4

Percentage difference: Up 25%

  1. IndusInd Bank Ltd. (NS:INBK)

Promoter holding on December 31, 2020: 14.67%

Promoter holding on March 31, 2021: 16.55%

Share price on December 31, 2020: Rs 894.95

Share price on May 19, 2021: Rs 965.45

Percentage difference: Up 8%

  1. VRL Logistics Ltd (NS:VRLL)

Promoter holding on December 31, 2020: 68.05%

Promoter holding on March 31, 2021: 69.59%

Share price on December 31, 2020: Rs 202.85

Share price on May 19, 2021: Rs 246.25

Percentage difference: Up 21%

  1. Deepak Fertilisers and Petrochemicals Corp Ltd (NS:DPFE)

Promoter holding on December 31, 2020: 54.9%

Promoter holding on March 31, 2021: 55.8%

Share price on December 31, 2020: Rs 157.35

Share price on May 19, 2021: Rs 288

Percentage difference: Up 83%

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