Jaypee Infratech

Indian Companies with Higher Percentage of Promoter Holding Pledged

Indian Companies with Higher Percentage of Promoter Holding PledgedFinancial experts consider this as a risky situation. There are many stock market listed companies in India with high percentage of promoter holding under pledge.

Infrastructure major Jaypee Infra has 83% promoter holding out of which, 61% has been pledged. Essar Shipping has 83% promoter holding out of which 96% has been pledged.

Among other companies with higher percentage of promoter holding pledged are Fortis Healthcare (71%), Jaiprakash Power (75%), Wockhardt (100%), Thomas Cook (100%) and Gokaldas Export (100%).

Jaypee Infratech Long Term Buy Call

Jaypee Infratech Long Term Buy CallTechnical Analyst Rajesh Agarwal of CD Equisearch has maintained 'buy' rating on 'Jaypee Infratech' stock with view to holding it for 18-24 months.

According to Mr. Agarwal, the investors can surely reap good returns from the stock in the said period.

Today, the stock opened at Rs 93 on the Bombay Stock Exchange (BSE).

Today, the equity shares of the company listed on the Bombay Stock Exchange (BSE) with a discount of 9% over its issue price of Rs 93.




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