Adani Group Adds 2.2 Lakh New Investors, ACC Top Pick Among DIIs
DIIs increased stake to 24.15% in October-December compared with 22.79% in the quarter ended September.
The total shareholder base of the Adani Group companies rose 4.6% to approximately 2.22 lakh in the quarter ended December, driven by retail investors.
Retail investor participation in Adani Group companies rose by 2.19 lakh to 66.8 lakh in the December quarter. Adani Total Gas Ltd. led the increase, recording the highest shareholder addition of 1.58 lakh investors.
The DII holding increased to 24.15% equity in the third quarter in comparison with 22.79% in the quarter ended September, according to BSE data.
ACC Ltd. remained the top pick among mutual funds as domestic institutional investors increased their holding in the stock for the second quarter in a row.
The total shareholder base stood at 2,21,942, with Adani Total Gas Ltd. adding approximately 1.6 lakh new investors, growing the shareholder base by 32%.
The number of shareholders in Adani Wilmar Ltd. crossed 12 lakh by adding over 46,000 new investors.
Adani Ports & Special Economic Zone Ltd. emerged as the preferred pick for foreign portfolio investors, who increased their holding by 1.92 crore shares.
The cumulative market capitalisation for the group companies grew Rs 3.16 lakh crore in the December quarter, taking the total to Rs 13.3 lakh crore as of Jan. 1.
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