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These 10 Stocks Rose Up To 380% As Promoter Increased Stake In Q1FY21

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Amid a time when global stock markets witnessed one of the worst sell-off led by coronavirus crisis and Indian stock indices were no exception, promoters capitalizing on the opportunity lapped up additional shares (though marginally) in their respective companies in the quarter ended June.

These 10 Stocks Rose Up To 380% As Promoter Increased Stake In Q1FY21
 

"If observed closely, for most companies, promoters have increased stake negligibly around 100-200 bps in the June quarter. Steep correction in prices post March 2020 lows could be one of the most logical reasons for promoters to have added to their existing holdings," Nirali Shah, Senior Research Analyst, Samco Securities, is quoted as saying in a leading online business portal.

This was also true of some of the scrips from the small and mid cap space where there was seen pressure owing to uncertainty driven by corona risk.

And of the 211 companies' in which stake was increased by promoters, some 10 firms have surged in market price by over 100% so far in 2020.

So, here is a table listing out the 10 stocks which posted gains of over 100% so far in 2020

Stock Promoter holding in March PH in June Market- Cap YTD
IOL Chemicals 41.89 43.69 4902 380
Titan Biotech 54.35 54.4 132 292
Laurus Labs 32.04 32.13 11308 193
Anuh Pharma 72.04 72.09 917 189
Syncom Formulations 40.14 40.48 138 136
Tanla Solutions 32.42 35.21 2527 135
Astec Lifesciences 71.33 72.3 2049 130
Dishman Carbogen Amcis 63.17 63,21 2923 121
Neuland Laboratories 36.2 36.27 1106 106
Balaji Amines 53.67 53.7 2600 102

Note source for the above data is AceEquity

GoodReturns.in

Story first published: Thursday, September 3, 2020, 22:11 [IST]
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