Promoter Buying

This scanner gives you lists of large and mid-cap Indian stocks where promoters have increased their stakes for two consecutive quarters.

Let’s learn more about the filters used:

Market Capitalization

For this strategy, we will be sticking to large & mid-cap stocks, for which we will look for stocks having a market capitalization of more than 10,000 crores. If you want to consider small-cap stocks as well, you can use a market capitalization filter of more than 5,000 crores. We have not included a small-cap search as we believe that the reliability of data on smaller companies is somewhat susceptible and they are more risky.

Promoters Holdings

This refers to the percentage of company shares held by its founders or owners. A high promoter holding percentage signifies confidence in the business, aligning interests with management. It suggests stability as well, indicating the promoter’s confidence in the business. In this scanner, we select companies where promoters are increasing their stake for two consecutive quarters because it indicates that the founders or management of the company have sustained confidence in the company’s performance and prospects. This trend often implies positive developments or potential growth opportunities, fostering investor trust and a potential increase in the stock price.

By using the above filters for the scanner, we have obtained a list of large and mid-cap Indian stocks where promoters have increased their stakes for two consecutive quarters, suggesting a potentially new leg of growth in the company and stock price.