Promoters raise stake in 80 companies in last 4 quarters; should you follow suit?
Updated : February 14, 2019 01:55 PM IST
As many as 62 out of 80 stocks fell up to 80 percent in the last year while only 18 gave positive returns in the same period.
Most of the stocks in the mid & small-cap space witnessed a massive sell-off in 2018, thanks to re-categorisation of schemes introduced by SEBI, and corporate governance issues in some companies also spoiled the sentiment. And, persistent selling by foreign investors dried up liquidity.
Stocks in which promoters raised their stake include Garnet International, Manpasand Beverages, Kitex Garments, MRF, UPL, Bajaj Holdings, Atul Auto, GMR Infra, Raymond and Ashoka Buildcon.
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