Page 3 - Shareholding Pattern News Today

JLR, a key customer for Tata Technologies, could have been impacted by Brexit-related uncertainties, feared the private equity major

The smallcap stock has given multibagger returns of 110% over the last 12 months versus Nifty50 which has given just over 4% returns during this period according to Trendlyne data.

Mutual funds and insurance companies, too, continued to invest in large Indian IT stocks.

As per the shareholding data available on the BSE, Rekha Jhunjhunwala has reduced the stake in D B Realty to 1.21% in July in multiple tranches but took it to 3.37% on September 13, and finally reduced it to 1.99% at the end of the month

The celebrity investor shed her stakes in Autoline Industries and Rallis India in July-September quarter as per the public shareholding data available on the BSE. Jhunjhunwalas holdings which stood at 2.52% and 7.75% in Autoline Industries and Rallis India, respectively, did not show up in the September quarter filings.

Religare Enterprises shares have seen a strong uptrend over the last 6 months and have gained in excess of 60% as against 12% returned by Nifty50. The 1-year returns are at 28% versus 14% by the 50-stock index.

According to a July 9 filing on BSE, Kacholia trimmed his equity stake by 52 bps to 3.81% but later added 10 bps to bring it to 3.91% at the end of the September quarter.

The celebrity investor reduced his stake in Safari Industries in the September-ended quarter to 2.1% from 2.29% in the April-June period. On Monday, the stock today fell over 1% to the days low of Rs 4,202.70 on the NSE. It has fallen over 6% in the last five trading sessions.

Khannas holding in Delhi-headquartered Prakash Pipes stood at 3.24% at the end of the September quarter, up by 46 bps from 2.78% in the previous quarter. This is another stock which has defied market trends and outperformed Nifty on 1-year and YTD basis and given over 80% returns in both timeframes.

The Income Tax Appellate Tribunal has held that the buyback, which resulted in a change in shareholding pattern and an artificial shift in Cognizant's shareholding base from the USA to Mauritius, was aimed at availing benefits under the Double Taxation Avoidance Agreement.