There is currently pressure in the stock market. The market was witnessing growth till the end of September, amid the growth, i.e. in the last quarter, the promoters have also reduced their stake in many companies. The situation is that during this period, the promoter's stake has decreased in 3 times the number of companies in which the promoter's stake increased. According to market experts, the main reason for promoters selling their stake in companies is the rise in the market. Taking advantage of the increase in the valuation of companies amid the record rise in the market during the second quarter, the promoters have reduced their stake in companies for various reasons.

What do the figures say?

A report by Moneycontrol has quoted Ace Equity's figures. That even though the promoter's stake has remained stable on a quarter-on-quarter basis in most of the companies listed in the market, but in those companies where the stake has changed, the number of companies where the promoter's stake has decreased has been quite high. According to the data, out of the 3300 companies that released the shareholding pattern for the September quarter, there has been no change in the promoter's stake in about 2500 companies. At the same time, the promoter's stake has decreased in 597 companies. On the other hand, the promoter's stake has increased in 210 companies. According to analysts, these figures have been seen due to the increase in share prices. According to market experts, the decision of every promoter to sell shares should not be viewed with suspicion. Because many times promoters sell shares to reduce the burden of debt, for expansion or under some other strategy. The company can benefit from this. He clarified that in any such company where the promoter's stake is increasing or decreasing, the reason behind it should be known and then a decision should be taken to invest or exit from such stock. Companies in which stake decreased According to the report, the promoter's stake in Mizzen ventures and Jyotirgamya Enterprises was more than 65 percent at the end of the June quarter. In the September quarter, the stake came down to single digit i.e. less than 10 percent. Promoter's stake in Vinny Overseas decreased from 71 percent to below 36 percent on a quarter-on-quarter basis. Apart from this, promoter's stake in Tata Motors, Prestige Estates, Adani Energy Solutions, InterGlobe Aviation, Glenmark Life Sciences, Route Mobile, Bajaj Healthcare, Easy Trip Planner and Spice Jet has decreased during this period.