Key Points
The pledge of stake by promoters in several companies that are part of the BSE500 significantly came down at the end of March, and this was one of the factors driving stock performance...
Data analysed by ETMarkets showed that five companies, with a considerable reduction in pledged shares of promoters in the last four quarters, saw their stocks turn multibaggers...
The total pledged stake of promoters in Apollo Tyres stood at 1.07% as of March end, compared to 3.05% a year ago..
The efforts taken by corporates and promoters to deleverage the balance sheet in recent years is one of the major factors that has put India in a better position compared to its emerging market peers...
Banks and corporates have significantly deleveraged in recent years to clean up clogged balance sheets that had stalled private capex, Varma said, as she expects a double boost from investment, with a gradual recovery in private capex due to a rising capacity utilisation rates...
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