Whirlpool, Mphasis and 3 Other Stocks in Which Promoters Decreased Their Stake by Up to 16%

Synopsis: From healthcare to FMCG, promoters of five well-known stocks trimmed their holdings by up to 16.43%, reshaping ownership structures and increasing public participation across diverse sectors.

Promoter shareholding is a key indicator of ownership trends and market confidence. Recently, five stocks saw notable reductions in promoter stakes, ranging from 7% to 16.43%. These include companies across healthcare services, consumer durables, IT, paints, and FMCG, highlighting a broader trend of promoter dilution and rising public participation in the equity markets.

Sagility ltd 

Sagility India Limited provides healthcare-focused, technology-enabled solutions and services primarily to U.S.-based clients in the payer and provider segments. With the market cap of Rs 24,445 crore, the shares of Sagility Ltd are trading at Rs 52 and are trading at a PE of 30.7, whereas their industry PE is 26.7. Promoter holding declined from 67.38% to 50.95%. This represents a reduction of 16.43 percentage points. The public shareholding has increased accordingly.

Whirlpool ltd 

Whirlpool Ltd is a leading global kitchen and laundry appliance manufacturer, and its brand portfolio includes Whirlpool, KitchenAid, Maytag, Consul, Brastemp, and Amana. With the market cap of Rs 9,859 crore, the shares of Whirlpool of India Ltd are trading at Rs 777 and are trading at a PE of 29, whereas their industry PE is 46.8. Promoter holding fell from 51.00% to 39.76%. This marks a reduction of 11.24 percentage points. The promoter stake is now below the majority level.

Mphasis ltd 

Mphasis is a global Information Technology (IT) solutions provider specialising in providing cloud and cognitive services and applying next-generation technology to help enterprises transform businesses globally. With the market cap of Rs 53,915 crore, the shares of Mphasis Ltd are trading at Rs 2,829 and are trading at a PE of 29.6, whereas their industry PE is 23.5. The promoter stake was reduced from 40.10% to 30.59%. This is a decline of 9.51 percentage points. Promoter ownership continues to trend lower with every passing quarter.

Akzo India ltd 

Akzo Nobel India Ltd is in the business of manufacturing, trading, and selling paints and related products and also provides research and development services. With the market cap of Rs 13,047 crore, the shares of Akzo Nobel India Ltd are trading at Rs 2,865 and are trading at a PE of 33.4, whereas their industry PE is 34.6. Promoter holding decreased from 69.76% to 61.20%. This equals a reduction of 8.56 percentage points. Majority promoter control remains intact.

AWL Agri Business Ltd

Adani Wilmar Ltd deals in edible oil and food and other FMCG products. Adani has exited the joint venture in FY24 to focus on other segments, and AWL Agri Business is the new name decided in voting. With the market cap of Rs 26,883 crore, the shares of AWL Agri Business Ltd are trading at Rs 207 and are trading at a PE of 24.8, whereas their industry PE is 24.6. The promoter stake dropped from 63.94% to 56.94%. This reflects a reduction of 7.00 percentage points. Promoter shareholding remains above 50%.

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