I wrote about promoter pledges being a red flag yesterday and I wanted to do a quick post on how to find this information for a particular stock today.
The first step is to go to the NSE website as that’s the place where you can easily find this information on any listed stock in India. Type in the name of the company in the “Get Quote” text box near the upper middle part of the screen and hit “Get Quote”.
In the resulting page, click on “Company Information” which is the second tab towards the center of the screen. This will open up a section that shows the following 4 blocks of information:
- Corporate Announcements
- Financial Result / Shareholding Pattern
- Board Meetings
- Corporate Actions
You are interested in “Shareholding Pattern”, click on that section. This will show you categories of shareholders and how much percentage they hold. Towards the end of this section, you will see a hyperlink labeled “View Details >”.
Click on this link and you will see a big list appearing on a new screen. Click on the first line and this will open a pop up window. You will see “Main Shareholding” as one of the hyperlinks on this popup and when you click that – a new screen will appear that shows you results of which category owns how much and what percentage of their shares are pledged.
This information used to be accessible a lot easier in the older version of the NSE website, but I don’t know why they changed the format to make it so hard to reach. I can add screenshots to this post if people are finding it difficult to follow the post but right now I’m in a bit of a hurry so just writing the post. Please leave a comment with any questions, or if you know of a better way to get this information.