5 Stocks Where Promoter Holding Has Gone Up

In the ever-evolving landscape of the stock market, investor sentiment often hinges on a variety of technical and fundamental indicators.

Among these, promoter holding - the percentage of a company's shares held by its promoters-is one of the most closely watched metrics by both institutional and retail investors.

Promoters being the key stakeholders and founders of a company, typically have deep insights into the business' future potential.

When they increase their stake in the company, it's widely interpreted as a sign of confidence in the firm's growth trajectory and operational resilience.

An uptick in promoter holding can serve as a powerful signal, suggesting that those at the helm believe the stock is undervalued or poised for significant progress.

Such actions not only align the interests of promoters and shareholders but can also act as a catalyst for stock price movement.

This article delves into five noteworthy stocks where promoter holding has recently gone up, exploring the possible reasons behind these moves and what they might indicate for the future.

These stocks are worth adding to your watchlist, as they present potential opportunities for significant returns in the coming year.

Whether you're a seasoned investor or just starting to build your portfolio, understanding these opportunities could help you make well-informed decisions and potentially unlock significant growth in the years ahead.

Read on...

#1 India Cements

India Cements Ltd is a leading cement manufacturing company headquartered in Chennai. It was incorporated in the year 1946.

While retaining cement over the years as its mainstay, India Cements has ventured into related fields like shipping, captive power and coal mining that have purposeful synergy to the core business.

The company primarily manufactures two standard types of cement including ordinary portland cement and portland pozzolana cement, the mix being 35:65.

India Cement sells its cement under the brand names of Sankar Super-Power, Coromandel King, Raasi Gold, etc.

The company operates 10 cement manufacturing units (including two split grinding units) in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Rajasthan. It also has 9 ready mix cement plants.

It's one of the largest producers of cement in south India with a total installed cement manufacturing capacity of 15.55 MTPA.

UltraTech Cement acquired a 22.77% stake in the company from the open market on 27th June 2024. On 28th July 24, the promoter group of the company entered into a SPA to sell a 32.72% stake to Ultratech at a price of Rs 390. Upon completion of the transaction, Ultratech will hold a 55.49% stake in the company.

Coming to the financials, India Cements reported a 21.4% degrowth in revenue in 9MFY25 and EBITDA came at a loss.

Promoters however have increased their stake in the company from 28.42% in September 2024 to 81.49% in March 2025 quarter as Ultratech Cement after stake purchase is now classified as a promoter entity.

Shares of India Cements have returned 39% for the past 1 year on the back of recent acquisition at a higher price.

#2 Zaggle Prepaid Ocean Services

Zaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows.

Headquartered at Hyderabad, it is at an intersection of SaaS (Software as a service) and Fintech.

The company has catered to 3,000+ clients till date. Its key clientele includes the likes of Tata Steel, Greenply, Hiranandani, Persistent, etc.

Zaggle earns 54% of its revenues from propel platforms, 42% from program fees, and balance 4% from software fees.

The company is shaping up to be more than just a rewards or card player. It's building an end-to-end spend management platform with fintech hooks across travel, expense, rewards, fleet and now, international payments.

Coming to the financials, In 9MFY25, Zaggle clocked in revenue growth of 77.4% YoY, making it the company's strongest nine-month performance to date. EBITDA also grew substantially by 80.1% with margins improving from 8.6% in 9MFY24 to 8.7% in 9MFY25.

The company is now guiding for 58-63% revenue growth for FY25, sharply up from its earlier band of 45-50% with Q4 being another strong seasonal quarter, Zaggle might well end the year ahead of its raised guidance.

Promoters have increased their stake in the company gradually from 40.1% in December 2024 to 44.21% in March 2025 indicating a purchase of 4.1% of the company's stake during the period.

The stock of Zaggle Prepaid has been returned 9% over the past 1 year.

#3 Som Distilleries & Breweries

Incorporated in 1993, Som Distilleries & Breweries Ltd. is one of the leading beer and Indian made foreign liquor (IMFL) producers in India.

The company is the flagship company of the Som group, based in Bhopal, Madhya Pradesh, which is in the distillery, real estate, and infrastructure businesses.

The product portfolio consists of beer, rum, brandy, vodka and whisky. The company has three key millionaire brands namely Hunter, Black Fort, and Power Cool. Som derives 93% of its revenues from beer segment and balance 7% from Indian made foreign liquor.

The company has manufacturing facilities located in Bhopal, Madhya Pradesh (capacity utilisation 70%), Karnataka (capacity utilisation: 90%), and Odisha (capacity utilisation: 50%).

It's total installed capacity for beer is 30+ m cases p.a. and for IMFL is 3.9 m cases p.a. The company has a global presence as it exports to 24 countries.

Som Distilleries and Breweries is establishing a major greenfield project Farrukhabad district, UP, with an estimated investment of around Rs 6 billion (bn). This project will include a brewery, distillery, and other manufacturing facilities on a 40-acre land parcel.

Coming to the financials, Som Distilleries has reported a growth of 24.5% in its revenues for 9MFY25, and profit after tax grew by 21.4% for the 9 months. EBITDA margins improved slightly coming in at 6.3% for 9MFY25 versus 6.2% in 9MFY24.

As of the latest data in March 2025, promoter holding stands at 38.75%, up from 36.32% in December 2024 and 35.33% in the September 2024 quarter.

Shares of Som Distilleries have returned 7% for the past 1 year on the back of decent performance.

#4 Balaji Amines

Balaji Amines specialises in manufacturing methylamines, ethylamines, specialty chemical derivatives, and pharma excipients.

It also produces downstream derivatives for the pharma and pesticide industries, catering to user-specific requirements.

The company is one of India's largest manufacturers of aliphatic amines. It holds a unique position in the market, being the sole manufacturer in India for about 60% of its products.

Balaji Amines derives 51% of its revenues from pharma segment, 26% from agro-chemicals, 4% from paints and resins, 4% from rubber cleaning chemicals and 15% from others.

Geographically, the company derives 86% of revenues from India and balance 14% from exports to 50+ countries such as the US, UK, Argentina, Latin America, Canada, Israel, Germany, Italy, etc.

The company operates 4 manufacturing units, including 3 in Solapur, and 1 in Hyderabad, with a total installed capacity of 2,86,000 MTPA for amines and amines derivatives and a licensed capacity of 45,330 MTPA for specialty chemicals.

Coming to the financials, Balaji Amines reported a 14.9% revenue degrowth in 9MFY25 with operating profit degrowing by 23.7% and margins coming in at 16.5%.

Going forward, the management is optimistic about achieving Rs 30 bn to Rs 40 bn in revenue within the next 2-3 years, contingent on market conditions and pricing normalisation.

Promoters of Balaji Amines Ltd have bought 0.89% stake in the company during the March 2025 quarter taking the total promoter share up to 54.62% from 53.71% in December 2024.

Shares of the company have returned negative 41% on the back of weak operational performance.

#5 Godrej Industries

Godrej Industries is one of the holding companies of Godrej Group. It's one of the leading manufacturers of oleochemicals on a standalone basis.

Godrej Industries is promoter of Godrej Agrovet Ltd and Godrej Properties Ltd. It also has stake in Godrej Consumer Products Ltd.

Segment wise, the company derives 16% of its revenues from chemicals, 29% from animal feed, 19% from estate & property development, 11% from vegetable oils, 7% from crop protection, 9% from dairy, 7% from finance & investments, and the balance 2% from other segments.

Geographically, 87.5% of revenues are derived from India whereas the balance 12.5% revenues are from export markets.

Coming to the financials, Godrej Industries has reported a growth of 15.3% in its revenues for 9MFY25, and profit after tax tripled for the 9 months. EBITDA margins improved significantly coming in at 10.8% for 9MFY25 versus 6.5 % in 9MFY24.

As of the latest data in March 2025, promoter holding stands at 69.65%, up from 65.73% in December 2024 and 67.69% in the September 2024 quarter.

Shares of Godrej Industries have returned 21% for the past 1 year on the back of improving operational performance.

Conclusion

The upward movement in promoter holding across these five stocks signals a growing confidence from those with the most intimate knowledge of their respective businesses.

In each case, the decision by promoters to increase their stake aligns with strategic developments, be it through acquisitions, expansion plans, operational turnaround efforts, or financial outperformance.

For investors, rising promoter holdings are not merely numerical data points-they represent trust, conviction, and alignment of interests.

While not a standalone reason to invest, when combined with improving fundamentals and growth prospects, they offer compelling validation.

These stocks deserve close attention as part of a broader, diversified investment strategy aimed at capturing long-term value.

After careful monitoring and analysis, these companies may be worthy additions to your watchlist.

Investors should remain vigilant, conducting thorough research and keeping abreast of market trends to ensure they make informed decisions.

Remember the challenges before diving headfirst.

Happy Investing.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...