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As of 31-Mar-2023, promoters held 51.5 per cent stake in the company, while FIIs held 6.91 per cent and domestic institutional investors had 2.25 per cent.

A total of 4,249 shares changed hands on the counter till 01:43PM (IST).

Vedanta, owned by Anil Agarwal, has pledged almost all of its holdings in Hindustan Zinc as collateral for loans. The company created a pledge on 13.94 crore shares or 3.3% of the total equity. This was the third instance during this financial year when the multinational mining company pledged its shares in Hindustan Zinc. Vedanta and Hindustan Zinc have reported a drop in their January-March quarter net profit. While Vedanta shares were trading higher, Hindustan Zinc shares were trading lower on the NSE.

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The stock quoted a 52-week high price of Rs 1509.25 and low of Rs 1102.1.

Sanjiv Bhasin of IIFL Securities, recommends investing in two specialty chemical companies, Chemplast Sanmar and Jubilant Ingrevia, for a potential 40-50% upside in the next year. Bhasin also praises the Adani Group and believes the long-term story remains robust. He suggests investing in cement companies such as ACC and Ambuja combined to gain market share, as infrastructure and construction activity is on the rise.

Phoenix Mills has broken out of a small descending channel and is still showing bullish signs with its position in a rising channel for the past three years, experts suggest. Since November 2020, the 50-week moving average has offered strong support for the company’s stock. Short-term traders could purchase shares for a possible 2-month target price of Rs 1,600, which is closer to its record high of Rs 1,620 from November 2022. The stock experienced a 4% decrease in one week but a 5% increase in one month with the 30, 50, and 200-day moving averages above the 5, 10, and 20-day metrics.

The stock quoted a 52-week high price of Rs 1405.85 and low of Rs 1058.7.

ETMarkets.com analysed BSE stocks with over Rs 500 crore market cap wherein promoters raised stake by 200 bps or 2% QoQ.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 22.85 per cent and 14.96 per cent, respectively.