Many mid- & small-caps see promoters raising stakes, should you invest too?
An increase in promoter holdings is often considered a bullish signal as they are in the best position to understand the prospects of their businesses.
Cos such as Tata Chem, Welspun Corp, Hatsun Agro, Just Dial, Mukand, SMS Life and Vardhman Textiles among others have seen promoter buying recently
Mumbai: If a promoter raising stake in his companies is a strong signal for investors to consider betting on it, several mid- and small-cap stocks might be flashing the buy indicator. Promoters of nearly 80 mid and small-cap firms have increased their stakes through market purchases in the last two months amid the broader market rebound. Companies such as Tata Chemicals, Welspun Corp, Hatsun Agro, Just Dial, Mukand, SMS Life and Vardhman