YES Bank, Tata Motors, Jio Financial – Most Shareholders Are Invested in These Companies

In 2023, the Indian equity market witnessed a significant year. Recently, the Nifty surpassed 21,600, closely followed by the Sensex crossing 72,000.

The Sensex made an impressive leap from 65,000 to 72,000 in under six months, spanning around 107 sessions since crossing the 65,000 mark on July 3, 2023.

This surge coincided with the Reserve Bank of India’s decision to maintain the repo rate at 6.5 percent while revising the FY24 GDP forecast. This was also aided by positive global cues.

Let’s have a look at the TOP 5 STOCKS which has the maximum shareholders  investments:

1. YES Bank: 

Yes Bank stock has been in focus after the private sector lender said it is looking for buyers for its corporate and retail loans. It has an outstanding debt of Rs 4,234 crore.

The stock has the maximum number of shareholders standing around  4880000+ with a market capitalization of Rs 60000+ crore. 

Yes Bank has declared its second quarter results for the current financial year 2023-24. It logged a 47.4 percent rise on a YoY basis. Yes Bank’s provisioning cost stood 14.1 percent lower in YoY terms. However, the bank’s net profit in Q1 FY24 was at Rs 343 crore. It was a 34.3 percent dip in net profit on a QoQ basis.

In the past month, the stock of Yes Bank has gained over 6 percent whereas benchmark Sensex has given more than an 8.5 percent return at the same time. The stock has however fallen by 3.5 percent in 2023 (YTD basis).

Yes Bank, headquartered in Mumbai, India, was established in 2004 by Rana Kapoor and Ashok Kapoor. An associate of State Bank of India, it holds a 30 percent stake in the company. Yes Bank specializes in providing a diverse array of products tailored for both corporate and retail customers, offering services in retail banking and asset management.

Additionally, Yes Bank operates through three subsidiaries: YES Securities (India) Limited, YES Trustee Limited, and YES Asset Management (India) Limited, extending its offerings in various financial sectors.

As of September 2023, Yes Bank had gross NPAs of Rs 4,319 crore, of which corporate banking NPAs were Rs 2,236 crore, mid-corporate NPAs were Rs 219 crore, SME NPAs were Rs 452 crore, and retail NPAs at Rs 1,413 crore, according to media reports.

2. Jio Financial:

Jio Financial Services followed YES Bank to the list of the most number of shareholders with 3980000+  shareholders invested in the stock.

Since its inception, the stock has returned last around 6 percent value

Jio Financial said its profit climbed 101 percent sequentially to Rs 668 crore compared with Rs 371 crore in the same quarter last year. 

Interest income fell 7.86 percent to Rs 186 crore. However, total income rose 46.82 percent to Rs 608 crore from Rs 414 crore in the same quarter last year. Dividend income played a significant role in facilitating this achievement.
Pre-provisioning operating profit grew 48.93 percent to Rs 537 crore from Rs 360 crore QoQ.

Jio Finance, the lending arm of Jio Financial Services, has started its lending operations with three products–personal loans, consumer durable loans, and merchant trade credit facility.

Jio Finance has also started offering loans for business, where it extends unsecured merchant trade credit facility to registered merchants of JioMart Partner – B2B Wholesale, to finance inventory purchases.

3. Tata Steel: 

Tata Steel stock was third in line with 3980000+ number of shareholders invested in the share. The stock price has returned approximately 24 percent in the last year. Global investment banking firm Morgan Stanley said that domestic demand would continue to remain robust in 2024. However, it said that the weak global macro outlook will impact the companies, according to media reports. The firm maintained its “equal-weight” rating for the stock, raising the price target to Rs 120 from Rs 115.

Tata Steel Limited, an Indian multinational steel-making company, is based in Jamshedpur, Jharkhand, and has its headquarters in Mumbai, Maharashtra. A significant entity within the Tata Group, it ranks among the world’s largest steel producers. It has an annual crude steel capacity of 35 million tonnes.

Operating across 26 countries, Tata Steel holds pivotal operations in India, the Netherlands, and the United Kingdom, boasting a workforce of approximately 80,500 employees.

The company primarily caters to a diverse clientele in sectors such as automotive, construction, consumer goods, engineering, packaging, lifting and excavating, energy and power, aerospace, shipbuilding, rail, defense, and security.

4. Tata Power: 

Around 3800000+ shareholders are invested in the Tata Power share which comes fourth in the list. The stock price hit an all-time high amid fresh buying in the power sector counters on December 14. Tata Power shares have climbed 14 percent in just one week and 23 percent in two weeks. The counter has moved northward 25+ percent in the past three months and 50+ percent in six months. In the last three years, Tata Power shares have delivered a multi-bagger return of 320+ percent.

Also read: Top 2 Buy Ideas for New Year 2024 Which Can Fetch Up To 15% Return

Tata Power Company Limited is an Indian electric utility and electricity generation company based in Mumbai. It is part of the Tata Group. 

It stands as India’s largest integrated power company, boasting an installed electricity generation capacity of 14,076 MW. In February 2017, Tata Power became the first Indian company to ship over 1 GW of solar modules.

Tata Power has a 51:49 joint venture with PowerGrid Corporation of India for the 1,200 km (750 mi) Tata transmission project. It is India’s first transmission project executed with public-private partnership financing.

5. Tata Motors:

The stock as of December 22 has seen 3770000+ shareholders invested in the company. Tata Motors recorded its highest-ever monthly retail sales in November. This was on the back of robust demand for its sports utility vehicles amid the festive period, according to media reports. The company also witnessed strong sales performance in the 47 days long festive period this year. It recorded registrations of around 79,374 units, up 18 percent over the same period of last year.

The company said that it will be increasing its commercial vehicle prices by up to 3 percent. Implementation of the price hike is scheduled for January 1, 2024.

The stock price has given an impressive return in the last year, surging over 85+ percent.

Its notable subsidiaries encompass British Jaguar Land Rover and South Korean Tata Daewoo. Additionally, Tata Motors boasts joint ventures with Hitachi (Tata Hitachi Construction Machinery) and Stellantis, manufacturing vehicle parts for Fiat Chrysler and Tata-branded vehicles.

Yes Bank along with Jio Financial, Tata Steel, and Tata Power were the stocks that witnessed the maximum interest from shareholders. These stocks were part of the stock market rally which registered around 20 percent gains in the last year.

Shareholders will likely determine whether to add more of these stocks to their portfolios or switch to other stocks as the stock market continues its anticipated rally in 2024.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.