20/02/2025
In the carnage of the stock market downturn, where panic-stricken investors rush to the exits, a curious trend is emerging—those who know their companies best are quietly scooping up shares.
With the smallcap and microcap indices both deep in bear market territory—down nearly 22% from their peaks— a handful of promoters are making aggressive bets on their own businesses, signaling what could be a once-in-a-cycle opportunity.
Promoters have snapped up over Rs 4,000 crore worth of their own company’s stocks in February alone, shows data pulled from the records of Prime Database.
The buying spree has been particularly intense in mid and smallcap firms that have seen dramatic declines—many stocks have fallen 20-30% or more from their highs, creating a fertile ground for accumulation.
Leading the charge is Sobha Ltd, where insiders have acquired 6.88 million shares worth Rs 568.56 crore, followed by Bajaj Healthcare, with 2.16 million shares bought for Rs 142.80 crore.
Lloyds Metals & Energy, Quess Corp, Sigachi Industries, and XPRO India are among the other companies where promoters have stepped in aggressively.
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https://economictimes.indiatimes.com/markets/stocks/news/market-mayhem-promoters-bet-rs-4000-crore-on-stocks-they-know-best/articleshow/118405084.cms
