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

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 a recent report by domestic brokerage house Kotak Institutional Equities. Promoters of 87 companies in the BSE-500 Index have pledged part of their holdings in the December 2022 quarter, it added. It also informed that The total value of pledged promoter holdings stood at ₹2.2 lakh (which is about 0.83 percent of the total BSE-500 Index’s market cap). However, Kotak clarified that pledging of shares does not necessarily imply that a company or a promoter is under financial stress; banks (lenders) could have sought additional security in the form of promoter shares. Let's take a look at the firms with over 50 percent promoter pledged holdings in the December quarter:

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Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

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Why rebalancing a portfolio provides a safety net against volatility?

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Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

Rebalancing of portfolio: What is it and why is this important?

Whenever the market spikes or declines, investors are supposed to rebalance their portfolio strategically in order to stay aligned to their financial goals