Promoters are seizing the opportunity presented by the ongoing market rally, selling shares worth over ₹40,000 crore across approximately 180 companies through open market transactions in the September quarter alone. This trend suggests that current valuations are compelling enough for owners to lock in profits by reducing their stakes. The significant surge in promoter offloading highlights the buoyant market conditions that have encouraged many to capitalize on the favorable pricing.
Year-to-date, promoters have sold shares worth more than ₹1 lakh crore through secondary market transactions, more than double the total for the entire year of 2023, which stood at ₹48,000 crore. This dramatic increase reflects the aggressive approach promoters are taking in response to high valuations. To put these numbers in perspective, the total value of promoter sales in 2022 was ₹25,400 crore, while in 2021 it was ₹54,500 crore.
The substantial rise in promoter share sales signals confidence in the current market environment and a strategic decision to unlock value from their holdings. Companies such as InterGlobe Aviation, Ambuja Cements, and Patanjali Foods are among the prominent names where significant promoter selling has been observed, underscoring the broad-based nature of this trend. The scale of these transactions also highlights the liquidity available in the market, enabling promoters to execute large sales without significantly impacting share prices.
