If the promoter of a penny stock company is holding a significant stake, that gives shareholders more confidence.
Why you ask?
The high promoter holding in a penny stock acts as an indicator of the confidence of promoters in the business as well as the strength of leadership control on the company.
A penny stock with a very high promoter shareholding often represents a scenario where the promoters see a bright future for the company and in turn, they plan to benefit from its good growth.
Here's a list of penny stocks with high promoter holding:
Check out this article to see the entire list of penny stocks with high promoter holding.
While promoter holding is an important parameter, it should not be the sole reason for buying a stock.
Sometimes, penny stock promoters can use misleading information about the actual valuation of the company.
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