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

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 More Than 100% 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