Stock Picks: List of stocks where pledged promoter holdings declined in Q1
Updated: 25 Aug 2022, 08:21 AM IST
Analysis of pledged holdings of BSE-500 stocks shows that the value of the promoter (majority shareholder) pledged holding as a percentage of promoter holding declined in the June quarter (Q1FY23), a report by Kotak Institutional Equities stated. It noted that promoters of 81 companies in the BSE-500 Index have pledged part of their holdings in the June 2022 quarter. Medplus Health Services, Sterling & Wilson, Jindal Steel & Power, Sobha and Strides Pharma Science, witnesses a substantial rinse in their promoter pledged holdings; let's take a look at the stocks which saw the largest decline in their pledged promoter holdings.