Promoter buying is an important indicator for investors, as it signals confidence in a company’s future growth and stability. When promoters—who have insider knowledge of the business—buy shares from the open market, it suggests they believe the stock is undervalued or poised for long-term growth. Over the last 15 days, promoters have increased their holdings in the following companies by purchasing shares from the open market. The list is sorted in ascending order based on the total transaction value of promoter buying.
Understanding Promoter Buying
Promoters are individuals or groups that establish a company and play a crucial role in its operations and decision-making. When promoters buy shares from the open market, it is often viewed as a sign of confidence in the company’s future potential.
1. Usha Martin Ltd
Industry: Steel & Wire Manufacturing
P/E: 25.0 | ROCE: 22.1% | EV/EBITDA: 16.2
Total Promoter Buying: ₹64,71,543
2. Advanced Enzyme Technologies Ltd
Industry: Biotechnology (Enzymes Manufacturing)
P/E: 21.9 | ROCE: 15.2% | EV/EBITDA: 12.9
Total Promoter Buying: ₹70,63,416
3. Time Technoplast Ltd
Industry: Polymer & Composite Manufacturing
P/E: 25.6 | ROCE: 15.6% | EV/EBITDA: 13.1
Total Promoter Buying: ₹1,10,87,875
4. Alembic Pharmaceuticals Ltd
Industry: Pharmaceuticals
P/E: 30.8 | ROCE: 13.1% | EV/EBITDA: 18.7
Total Promoter Buying: ₹1,14,63,509
5. Navneet Education Ltd
Industry: Education & Stationery
P/E: 15.1 | ROCE: 16.2% | EV/EBITDA: 8.84
Total Promoter Buying: ₹1,25,86,219
6. Royal Orchid Hotels Ltd
Industry: Hospitality & Hotel Management
P/E: 21.1 | ROCE: 19.8% | EV/EBITDA: 13.0
Total Promoter Buying: ₹1,44,50,176
7. HLE Glascoat Ltd
Industry: Industrial Equipment Manufacturing
P/E: 49.5 | ROCE: 13.1% | EV/EBITDA: 16.1
Total Promoter Buying: ₹1,49,36,431
8. Steel Strips Wheels Ltd
Industry: Automotive Components
P/E: 13.4 | ROCE: 17.4% | EV/EBITDA: 7.96
Total Promoter Buying: ₹1,50,60,554
9. Ashapura Minechem Ltd
Industry: Mining & Mineral Processing
P/E: 15.1 | ROCE: 17.2% | EV/EBITDA: 12.6
Total Promoter Buying: ₹1,62,34,499
10. Apollo Hospitals Enterprise Ltd
Industry: Healthcare
P/E: 72.6 | ROCE: 15.1% | EV/EBITDA: 32.4
Total Promoter Buying: ₹3,01,00,000
11. Jindal Drilling & Industries Ltd
Industry: Offshore Drilling & Energy Services
P/E: 18.7 | ROCE: 6.52% | EV/EBITDA: 9.78
Total Promoter Buying: ₹4,66,84,830
12. Finkurve Financial Services Ltd
Industry: Financial Services
P/E: 73.5 | ROCE: 11.2% | EV/EBITDA: 39.4
Total Promoter Buying: ₹4,98,20,000
13. Godrej Agrovet Ltd
Industry: Agriculture & Food Processing
P/E: 36.7 | ROCE: 13.7% | EV/EBITDA: 18.0
Total Promoter Buying: ₹7,59,30,000
14. Sundrop Brands Ltd (Agro Tech Foods Ltd)
Industry: Edible Oils & Food Processing
P/E: 414 | ROCE: 2.69% | EV/EBITDA: 87.4
Total Promoter Buying: ₹14,26,38,043
15. Mangalam Cement Ltd
Industry: Cement & Clinker Manufacturing
P/E: 46.6 | ROCE: 11.9% | EV/EBITDA: 12.1
Total Promoter Buying: ₹26,01,89,969
16. Hindustan Foods Ltd
Industry: FMCG Contract Manufacturing
P/E: 56.2 | ROCE: 18.3% | EV/EBITDA: 22.5
Total Promoter Buying: ₹35,00,00,000
17. Vaibhav Global Ltd
Industry: E-commerce & Retail
P/E: 44.3 | ROCE: 14.5% | EV/EBITDA: 19.6
Total Promoter Buying: ₹40,00,00,000
Companies like Mangalam Cement, Hindustan Foods, and Vaibhav Global witnessed large-scale promoter buying, which might indicate strong business prospects ahead.
Godrej Agrovet, Apollo Hospitals, and Jindal Drilling are also among the top firms where promoters have shown renewed interest.
Disclaimer:This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.