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Founders hike stakes in select small-caps
Mint Kolkata
|May 14, 2025
Stake shuffle
Capitalizing on the weak market sentiment in Q4FY25, promoters increased their holdings in several BSE-listed companies on a sequential basis. A Mint analysis of 3,716 such firms highlights these strategic moves, suggesting promoters consolidated their positions in their beaten-down companies. Roughly 12% of companies saw promoter stake increases in the March quarter, higher than 7.3% in the December quarter.
Among the most striking examples was Flomic Global Logistics, a logistics and freight management company, where promoters ramped up their stake by over 42 percentage points—from 26.34% in Q3FY25 to 69.17% in Q4FY25. The stock has suffered a drop of 25.6% sequentially.
In the cement sector, India Cements saw a similar show of promoter confidence, with holdings rising by more than 25 percentage points as the stock cracked 26.6% during the quarter. Jonjua Overseas, an IT consulting and solutions firm, also reported a comparable surge in promoter stake—up over 20 percentage points—while the stock declined 19%. Shriram Asset Management Co., a financial services company, saw promoter shareholding rise by 8.6 percentage points while its stock price declined by more than 26%.
This story is from the May 14, 2025 edition of Mint Kolkata.
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