Promoter holding refers to the percentage of shares owned by a company’s founders, promoters, or their family members. It reflects insider confidence in the business, with higher holdings typically indicating strong commitment and alignment with minority shareholders’ interests.
When promoters increase their holdings in a company, it typically sends a strong positive signal to the market. Promoter holding reduction can trigger concerns among investors about a company’s future outlook. While stake sales might be for legitimate reasons like personal liquidity needs, significant reductions often raise red flags in the stocks.
Gretex Industries Limited
Gretex Industries Limited was founded in 2009 and manufactures hosiery products like wollycoats, thermal innerwear, and leggings near Kolkata. The company specializes in fabric production using various techniques, including interlock, rib, and fleece. It operates from the Jalan Industrial Complex in Howrah. The firm started as Heritage Barter Private Limited before evolving into Gretex Industries Limited in 2013.
In the quarter ended September 2024, promoters increased their stake in Gretex Industries Limited from 52.99 percent in the June quarter of 2024, to 63.40 percent stake in September 2024. The increase of 10.41 percent will benefit Gretex Industries Limited to gain attention from other investors.
Gretex Industries Limited’s revenue from operations has increased by 42.28 percent, from Rs. 21.88 crore in FY23 to Rs. 31.13 crore in FY24. The company’s net profit has increased from Rs. 0.64 crore in FY23 to Rs. 9.98 crore in FY24, which has grown by 1459.94 percent. With a market capitalization of Rs. 346 crores, Gretex Industries Limited’s share price closed at Rs. 234 per equity share
Kothari Industrial Corporation Limited
Kothari Industrial Corporation Limited (KICL) was founded in 1970 and is a diversified company with divisions in textiles, plantations, granite, and fertilizers. The company expanded its spinning capacity and modernized its facilities.
In the quarter ended September 2024, promoters increased their stake in Kothari Industrial Corporation Limited from 21.45 percent in the June quarter of 2024, to 53.38 percent stake in September 2024. The increase of 31.93 percent will benefit Kothari Industrial Corporation Limited to gain attention from other investors.
Kothari Industrial Corporation Limited’s revenue from operations has increased by 40 percent, from Rs. 10 crore in FY23 to Rs. 14 crore in FY24. The company’s net loss has converted from Rs. 20 crore in FY23 to net profit of Rs. 32 crore in FY24 With a market capitalization of Rs. 161 crores, Kothari Industrial Corporation Limited’s share price closed at Rs. 37.8 per equity share
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SPS Finquest Limited
SPS Finquest Limited was incorporated in 1996 and is a non-deposit-taking, non-systemically important NBFC, primarily offering loans and investment services. Registered with RBI, it specializes in securities trading and investments.
In the quarter ended September 2024, promoters increased their stake in Kothari Industrial Corporation Limited from 58.94 percent in the June quarter of 2024, to 95.97 percent stake in September 2024. The increase of 37.03 percent will benefit Kothari Industrial Corporation Limited by gaining attention from other investors.
Kothari Industrial Corporation Limited’s revenue from operations has decreased by 7.96 percent, from Rs. 9.05 crore in FY23 to Rs. 8.33 crore in FY24. The company’s net profit has increased from Rs. 1.36 crore in FY23 to Rs. 3.31 crore in FY24, which has grown by 143.38 percent. With a market capitalization of Rs. 85.6 crores, Kothari Industrial Corporation Limited’s share price closed at Rs. 84.5 per equity share
Ladderup Finance Limited
Ladderup Finance Limited was founded in 1993 and is an NBFC focused on fund-based activities. It previously offered asset financing and advisory services. The company formed Ladderup Corporate Advisory in 2007 and expanded into wealth management in 2008, followed by insurance broking in 2010.
In the quarter ended September 2024, promoters increased their stake in Ladderup Finance Limited from 56.85 percent in the June quarter of 2024, to 68.91 percent stake in September 2024. The increase of 12.06 percent will benefit Ladderup Finance Limited by gaining attention from other investors.
Ladderup Finance Limited’s revenue from operations has increased by 12.79 percent, from Rs. 11.18 crore in FY23 to Rs. 12.61 crore in FY24. The company’s net loss has increased from Rs. 1.31 crore in FY23 to Rs. 3.93 crore in FY24. With a market capitalization of Rs. 79.7 crores, Ladderup Finance Limited’s share price closed at Rs. 62 per equity share
Written By- Nikhil Naik
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