With bulls dancing, many more join Street party
For instance, five stocks, NHPC, Indian Renewable, IRFC, Yes Bank, and HDFC Bank, collectively added 75 lakh investors during the quarter ending March 2024. NHPC led the pack with a substantial influx of 23 lakh new investors.
The record-breaking rally in Indian in recent years has resulted in coming into the in hordes. The broadening of the shareholder base in several stocks is a reflection of the appetite for stocks.For instance, five stocks, NHPC, , IRFC, , and , collectively added 75 lakh investors during the quarter ending March 2024. led the pack with a substantial influx of 23 lakh new investors.
The government sold a 3.5% stake in through an offerfor-sale (OFS) in January, and the offer was subscribed 1.4 times. Yes Bank added 11.6 lakh investors, representing nearly 23% of the total additions, while saw an addition of 8.4 lakh new investors.
AgenciesThe shareholder base of nine companies including Indian Renewable, , , , Tata Tech, , , Power Grid Corp, and , crossed one million during the March quarter.
, with 61.55 lakh investors, topped the chart with the highest number of investors, followed by and , with 47.17 lakh and 46.17 lakh investors, respectively. added 266 foreign portfolio investors in the March quarter while and GMR Airport have added 245 and 237 FPIs during this period
Source: Stocks-Markets-Economic Times
