Ritesh Presswala moneycontrol.comWhile buying into a company, most investors are interested in knowing just how much stake its promoters hold in it. The higher a promoter's stake, the greater is the confidence of promoters in their own company. It is an indication that promoters have faith in their business and will commit more funds to grow it further. Moneycontrol undertook a study to find out the number of companies in which the promoters held maximum stake. As a filter, we shortlisted companies from a total of 279 listed companies whose market capitalisation was over Rs 10,000 crore. In about 123 companies, promoters held more than 50 percent, while in 10 the promoters' holding exceeded 80 percent. Interestingly, 7 out of 10 companies are public sector companies. A majority of the PSUs have given alteast 25 percent returns in the last one year barring NMDC.
These 5 stocks have given over 100 percent returns in the last one year. Promoters hold over 50 percent in them.
Here is the full list of 123 companies and their promoters' holding in them.
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