Promoters hike stake in over 200 companies on brighter prospects

Mumbai: Promoters of over 200 companies increased their shareholdings in the quarter ended March 2024, as optimism around long-term business prospects dominated near-term concerns over elevated valuations. According to an ET study of the shareholdings of 2,300 companies, which have disclosed their fourth quarter shareholdings so far, stake increases by promoters in these firms are the highest in over eight quarters.