Retail investors double down bets on these 10 smallcap stocks in March quarter

May 07, 2024, 03:18:57 PM IST1/11

​In Favour

Retail share by value in companies listed on NSE went down to 7.50% as on March 31, 2024 from 7.58% on December 31, 2023. Research firm, Prime Infobase states top 10 companies which saw the highest increase in retail holding in percentage terms in the last 1 quarter. These are as follows:

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​Akshar Spintex

Akshar Spintex’s 66% shareholding rests with the retail shareholders in the March quarter, which more than doubled from 30.6% in December 2023.

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Sarveshwar Foods

Investment by retail investors in Sarveshwar Foods rose 3 fold in percentage terms, from 12.5% in December 2023 to 34.2% in March 2024.

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Mittal Life Style

With an increase of 2117 bps, the retail shareholding of Mittal Life Style increased to 45.5% in this quarter.

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​Osia Hyper Retail

From 9% in Q3 to 27.5% in Q4, the shareholding of retail investors significantly increased in Osia.

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​BGR Energy Systems

Retail investors constitute 34.6% shareholding in BGR Energy. The market capitalization of the company is Rs 267 crore.

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Tourism Finance Corporation of India

35% of the company’s shareholders are retail investors, as of March 2024. The stock price of the company has also shown gains of 34.6% QoQ.

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Rajnandini Metal

As of March 2024, 44.5% of Rajnandini Metal holding is with retail investors, which has come up from 31% in the preceding quarter.

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Dhanlaxmi Bank

The shareholding of retail investors rose to 38% for the company from 26% in Q3.

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​Surana Solar

Surana has a market capitalization of Rs 207 crore and its retail shareholding stands at 43% as of the quarter ended March 2024.

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​Bajel Projects

Retail shareholding doubled for Bajel Projects to 19.4% in March 2024, up from merely 8% in the December quarter.

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