promoters’ pledged share: The promoters of these 6 companies are reducing their pledged share; shares have jumped as much as 100% so far in FY23
ET Markets found that 15 stocks have delivered positive share price performance so far in FY23 and of these, six stocks have gained between 35% and 100% (Data Source: ACE Equity)
The promoters pledge the share to raise funds for the expansion of the business. Companies with a high level of promotional pledges tend to witness high volatility in their share prices, while the reduction in pledged shares is likely to minimize investor risk.
| share price return so far in FY23: 100%
The percentage pledge of developer shares decreased in the September quarter to 2.66% from 3.79% in the June quarter.
WPC: Rs 4031
| share price return so far in FY23: 76%
The percentage pledge of developer shares decreased in the September quarter to 25.01% from 25.33% in the June quarter.
WPC: Rs 325
| share price return so far in FY23: 49%
The percentage pledge of developer shares decreased in the September quarter to 11.88% from 14.72% in the June quarter.
WPC: Rs 94
| share price return so far in FY23: 41%
The percentage pledge of developer shares decreased in the September quarter to 4.28% from 6.09% in the June quarter.
WPC: Rs 608
Transmission | share price return so far in FY23: 39%
The percentage pledge of developer shares decreased in the September quarter to 50.39% from 52.03% in the June quarter.
WPC: Rs 510
| share price return so far in FY23: 35%
The percentage pledge of developer shares decreased in the September quarter to 11.14% from 19.05% in the June quarter.
WPC: Rs 79
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