Bullish Indicator: 7 largecaps see drop in promoter pledges in Q1

August 24, 2024

Pledging of shares is one of the options that the company promoters use to secure loans to meet working capital requirements, personal needs and fund other ventures or acquisitions. A promoter shareholding in a company is used as collateral to avail of a loan. Here’s is a list of 7 largecap stocks from the Nifty200 index firms where promoter pledges declined in Q1 FY25, according to StockEdge data:

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