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:
- 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%
- 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%
- 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%
- 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%
- 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%