There has been a strong rise in the stock market during the last few months.
Stock Market news: Last week there was a stormy rise in the stock market. The performance of the stock market has been excellent for some time. Talking about the last one year, BSE Sensex has seen a rise of more than 22 percent. IPOs of many big companies including IREDA came during this period. Many companies in the railways and renewable sectors have given excellent returns in the last few months. Meanwhile, in the last 15 months, promoters of many companies have reduced their stake. According to the report of Indian Express, Indian promoters have made sales worth Rs 1.12 lakh crore.
According to the report, Indian promoters had made sales of Rs 82,005 crore in the last financial year. At the same time, shares worth Rs 35,588 crore have been sold so far this financial year. All these sales have taken place from the secondary market. Let us tell you, promoters have sold more stake during the last 15 months compared to FY 2023. Then a sale of Rs 45,448 crore was made by the promoters.
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Why are you selling your stake?
If we talk about the last 15 months, Sensex has seen an increase of 32 percent. During this period, BSE crossed 80,000 with a rise of 2100 points. One reason for selling shares is to earn profit. Due to the boom in the market, the valuation of companies has also increased. The promoters are trying to take advantage of this.
After promoters, fund companies have sold the most. Private equity fund companies have sold Rs 1.15 lakh crore in the last 15 months. It is becoming clear from the sale of private equity funds that there is a decline in FDI.
IPO was also successful
In the last 15 months, IPO of 91 companies had come. These companies have raised Rs 80,000 crore through the primary market. Out of which two-thirds of the money was raised by the companies through ‘Offer for Sale’. There will be movement in the primary market during the next few months also. Hyundai’s IPO may also come this year.
