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Max Financial, Thyrocare Tech record 90% promoter pledge holdings in Q3! 

A recent report by Kotak Institutional Equities shows that the value of promoter-pledged holdings as a percentage of their total holdings rose in the December quarter.

87 companies in the BSE-500 Index have pledged part of their holdings in the December quarter.

The total value of pledged promoter holdings stood at 2.2 lakh (0.83% of the total BSE-500 Index market capitalization).

Max Financial and Thyrocare Tech have over 90% of their promoters' holding pledged.

Suzlon Energy, GMR Airports, Sundaram Clayton, Wockhardt and Medplus Health have over 50% of their promoters' holdings pledged.

Lloyd Metals and Happiest Minds witnessed fresh promoter pledges in the December quarter.

Wockhardt, Emami, Ajanta Pharma, JSW Steel, JSW Energy, NOCIL, Hind Zinc and Aurobindo Pharma saw substantial increases in their pledged promoter holdings in Q3.  

Wockhardt had the highest increase of 3.3% while Emami recorded a 3.2% increase in their pledged promoter holdings.

Ajanta Pharma, JSW Steel and JSW Energy each saw a 2-2.5% rise in their respective pledged holdings.

The pledged holdings of BSE-500 stocks increased in the December quarter.

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promoter pledge holdings in Q3.  

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Max Financial, Thyrocare Tech record 90% promoter pledge holdings in Q3! Find out why

Analysis of the pledged holdings of BSE-500 stocks shows that the value of the promoter (majority shareholder) pledged holdings as a percentage of the promoter holding increased in the December quarter, noted Kotak Institutional Equities.

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Max Financial, Thyrocare Tech record 90% promoter pledge holdings in Q3! Find out why

Analysis of the pledged holdings of BSE-500 stocks shows that the value of the promoter (majority shareholder) pledged holdings as a percentage of the promoter holding increased in the December quarter, noted Kotak Institutional Equities.

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