A simple Analysis of change in Shareholding by Promoters and Public (Individual shareholders holding nominal share capital up to Rs. 1 lakh) for Top 10 Winning and Top 10 Losing stocks (among current CNX 500 constituents) over the last 3 years
Prices used for calculation of change in Price – December 2013 & December 2010.
Shareholding pattern used of September 2010 and September 2013
Not much of a surprise to see small shareholders exit en masse in winning stocks even as they enter ferociously into losing stocks. Interestingly very few promoters of winning stocks have actually hiked their stake (I assume Blue Dart would have been flat save for the SEBI stipulation of 25% public shareholding being mandatory). Only in case of Vakrangee Softwares has there been a strong change in shareholding of the management who have ramped up their stake.
On the other hand, we see them paring their stock holdings strongly in the stocks that have fallen a great deal. And what is left of the shareholding if more often than not pledged and hence not actually held by them as shown on records either.