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Pledged promoter holding in these 7 stocks stood at over 50% in Q3

Promoter pledged holdings rose to 1.61% in Q3 from 1.57% in the September 2022 quarter.


Promoters of 87 cos in BSE500 have pledged part of their holdings in December quarter. 


Total Value of pledged promoter holdings stood at 2.2 lakh (around 0.83% of total BSE500's market cap).


Max Financial had the highest promoter pledged holding in Q3 at 93% with a total value of 2,490 crore.


Thyrocare Tech's promoters pledged 92.9% of their holding as per Dec data. The firm's pledged holding has remained the same since the Sept 2021 quarter. 


Suzlon Energy's promoter pledged holdings stood at 80.8% in Q3 as against 100% in the September quarter.


GMR Airports's pledged promoter holding came in at 67.2% in Q3 versus 74.9% in Q2. It was one of the top 5 cos with the highest pledged holdings. 


Sundaram Clayton's pledged promoter holdings for the firm till the December quarter is 63.5%, the same since the March 2022 quarter. 


Wockhardt's total pledged holdings as a percentage of promoter holdings stood at at 56.1% in Q3 from 52.8% in Q2 and 47.8% in Q1.

Medplus Health's promoters have pledged 50.5% of their holdings, as per the December quarter worth 1,500 crore.

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These 7 stocks have over 50% pledged promoter holdings

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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These 7 stocks have over 50% pledged promoter holdings

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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