Texmaco Rail & Engineering has released its shareholding data on the exchanges for the September quarter.
What Happened: In the July to September quarter, mutual funds cut their stake in the railway firm. Mutual funds held 6.84% of the firm in the second quarter of FY25 compared to 7.52% in the first quarter of the financial year.
Of the total, HDFC Trustee Company maintained its shareholding in the firm at 1.83% and Nippon Life India Trustee held 2.86%, similar to what they held in the last quarter. LIC MF & Mid Cap Fund, which owned 1.13% of the firm in the March to June period, had sold its entire stake in the second quarter.
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Foreign institutional investors also pared their stakes during the July-September period. FIIs now hold 7.87% shares of the company, compared to the 9.09% stake they held at the end of the previous quarter.
Retail investors, on the other hand, raised their holdings in the company to 24.55% from 22.85% at the end of the September quarter. The number of retail investors holding the stock went up to over 3.46 lakh, compared to 2.93 lakh reported at the end of June.
Promoters’ holdings in Texmaco Rail remained unchanged at 48.14% the second quarter of the financial year.
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