1 / 13The sharp increase in stake sale by insiders and purchases by outsiders is showing two different versions of the market, brokerage firm Kotak Institutional Equities has stated in a note on Monday, July 7.
2 / 13Insiders and promoters have sold take worth ₹95,000 crore in the last one month along. Large exits have been seen in Bajaj Finance, Hindustan Zinc, IndiGo, Vishal Mega Mart among other stocks. “We would note that insiders and promoters may have several reasons for selling stake,” Kotak wrote in its note.
3 / 13It has highlighted a list of 10 companies where promoter sell-downs have been highest in the post-Covid era. Here is a look at those companies:
4 / 13IRB Infra | At the end of March 2021, promoters of the company had a 58.6% stake. In the four years since, that stake has come down to 30.4%. In these four years, the stock has surged 4x in value.
5 / 13Whirlpool of India | The US-based promoters of the company sold a large 24% stake in February 2024, bringing it down to 51% from 75% earlier. They also plan on selling further stake to bring it down to around 20% levels. During these four years, the stock has declined 56% in value.
6 / 13Sterling & Wilson | Promoter stake in the company has come down from 69.4% back in March 2021 to 45.7% at the end of March 2025. The stock between March 2021 to March 2025, has delivered zero returns to shareholders.
7 / 13Aavas Financiers | At the end of the March 2021 quarter, promoters of the company had a 50.1% stake in the company, which, over the next four years, has nearly halved to 26.5%. The stock has declined 14% during this four-year period.
8 / 13Kalpataru Projects | From 56.5% stake at the end of March 2021, promoters of Kalpataru Projects have brought their stake down to 33.5%. Shares of the company have surged 158% during this four-year period.
9 / 13PG Electroplast | Promoter stake in the company has now declined below 50%. From 69.8% in March 2021, the stake currently stands at 49.4%. The stock has been a 20-bagger during this period, delivering returns of 2,190% to its shareholders.
10 / 13Indus Towers | Promoters of Indus Towers have also brought their stake down by 20 percentage points from 69.9% to 50% between March 2021-2025. The stock, during this phase, has gained 36%.
11 / 13Home First Finance | Promoters had a 33.7% stake in the company at the end of March 2021. That figure has now come down to 14.7%. The stock, during these four years, has gained 126% in value.
12 / 13Syngene | Promoters of Syngene have brought their stake down in the company from 70.6% to 52.7% over the last four years. Shares have gained 33% during the last four years.
13 / 13ZF Commercial Vehicle Control Systems | Over the last four years, promoters of ZF Commercial have employed various methods to bring their stake down from 80.4% to 63.4%. The stock has jumped 97% during these four years.
