Around 462 promoters reported a drop in their shareholdings in March, the highest in at least 12 quarters.
The numbers have been rising for four consecutive quarters, even as the stock market indices have risen to all-time highs. The BSE Sensex hit an all-time of 78,164.71 on Tuesday.
The 462 companies work out to roughly 15 per cent of the sample. There are 289 companies where promoters have raised stakes in March this year. This works out to 9.4 per cent of the sample under consideration.
A greater proportion of the promoters are selling stakes than those who have been raising them in every quarter since March 2023.
Fears of a banking crisis triggered a decline in the markets in March 2023 after the failure of Silicon Valley Bank.
Denne historien er fra June 26, 2024-utgaven av Business Standard.
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Denne historien er fra June 26, 2024-utgaven av Business Standard.
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