Whirlpool, Ola Electric, IOB and 7 Other Stocks in Which Promoters Cut Stakes by Up to 16%

Synopsis: Promoter stake cuts were seen across multiple companies in Q3FY26, led by Sagility (-16.43%) and Whirlpool (-11.24%), followed by Mphasis (-9.51%), AWL Agri (-7%), Akzo Nobel (-8.56%), and others with smaller reductions.

In Q3FY26, promoter stake reductions were seen across several sectors, including healthcare, banking and financial services, electric mobility, real estate, IT services, FMCG, paints and coatings, and consumer durables, indicating broad-based dilution across industries. Such moves are closely tracked by investors, as they can signal fundraising needs, strategic realignments, or changes in promoter confidence. 

Sagility Ltd

Sagility is a business process management (BPM) company focused mainly on the healthcare sector. It provides services such as revenue cycle management, claims processing, analytics, and customer support to global healthcare organizations, especially in the US market.

With a market capitalisation of Rs. 22,849 cr, the shares of Sagility Ltd are currently trading at Rs. 48.33 per share, down from its previous close of Rs. 49.75 per share. As of Q3FY26, promoter shareholding declined from 67.38% in Q2FY26 to 50.95% in Q3FY26, reflecting a reduction of 16.43%.

Indian Overseas Bank (IOB)

Indian Overseas Bank is a public sector bank in India, established in 1937. It offers a wide range of banking services including retail banking, corporate banking, MSME loans, and international banking, with a strong presence in South India and overseas branches.

With a market capitalisation of Rs. 67,186 cr, the shares of Indian Overseas Bank are currently trading at Rs. 34.89 per share, up from its previous close of Rs. 34.72 per share. As of Q3FY26, promoter shareholding declined from 94.61% in Q2FY26 to 92.44% in Q3FY26, reflecting a reduction of 2.17%.

Ola Electric Mobility Ltd

Ola Electric is an Indian electric vehicle company best known for its electric scooters. It focuses on sustainable mobility solutions and is building an integrated ecosystem that includes EV manufacturing, battery technology, charging infrastructure, and software-driven features.

With a market capitalisation of Rs. 14,088 cr, the shares of Ola Electric Mobility Ltd are currently trading at Rs. 31.94 per share, up from its previous close of Rs. 31.04 per share. As of Q3FY26, promoter shareholding declined from 36.78% in Q2FY26 to 34.59% in Q3FY26, reflecting a reduction of 2.19%.

Anant Raj Ltd

Anant Raj Ltd is a real estate development company primarily operating in North India. It is involved in residential, commercial, hospitality, and data center projects, with a strong land bank and a focus on premium and infrastructure-linked developments.

With a market capitalisation of Rs. 20,347 cr, the shares of Anant Raj Ltd are currently trading at Rs. 565.40 per share, down from its previous close of Rs. 566.95 per share. As of Q3FY26, promoter shareholding declined from 60.12% in Q2FY26 to 57.41% in Q3FY26, reflecting a reduction of 2.71%.

Choice International Ltd

Choice International is a diversified financial services company offering services such as stockbroking, investment banking, wealth management, insurance distribution, and advisory services. It caters to retail, institutional, and corporate clients across India.

With a market capitalisation of Rs. 16,985 cr, the shares of Choice International Ltd are currently trading at Rs. 790.80 per share, up from its previous close of Rs. 785.60 per share. As of Q3FY26, promoter shareholding declined from 56.61% in Q2FY26 to 53.66% in Q3FY26, reflecting a reduction of 2.95%.

Bank of Maharashtra

Bank of Maharashtra is a public sector bank headquartered in Pune. It provides retail, corporate, and digital banking services, with a strong focus on MSMEs and government-backed schemes, and has been improving its asset quality in recent years.

With a market capitalisation of Rs. 49,602 cr, the shares of Bank of Maharashtra are currently trading at Rs. 64.49 per share, up from its previous close of Rs. 63.64 per share. As of Q3FY26, promoter shareholding declined from 79.60% in Q2FY26 to 73.60% in Q3FY26, reflecting a reduction of 6%.

AWL Agri Business Ltd

AWL Agri Business, formerly known as Adani Wilmar, is a major FMCG company in India. It is best known for its edible oil brands and also operates in food products such as rice, wheat flour, sugar, and ready-to-cook items, with a strong nationwide distribution network.

With a market capitalisation of Rs. 27,774 cr, the shares of AWL Agri Business Ltd are currently trading at Rs. 213.70 per share, down from its previous close of Rs. 215.15 per share. As of Q3FY26, promoter shareholding declined from 63.94% in Q2FY26 to 56.94% in Q3FY26, reflecting a reduction of 7%.

Mphasis Ltd

Mphasis is an Indian IT services and solutions company specializing in cloud computing, digital transformation, application development, and infrastructure services. It primarily serves clients in banking, financial services, insurance, and technology sectors globally.

With a market capitalisation of Rs. 50,794 cr, the shares of Mphasis Ltd are currently trading at Rs. 2,665.60 per share, down from its previous close of Rs. 2,820.30 per share. As of Q3FY26, promoter shareholding declined from 40.10% in Q2FY26 to 30.59% in Q3FY26, reflecting a reduction of 9.51%.

Akzo Nobel India Ltd

Akzo Nobel India is a leading paints and coatings company, well known for brands like Dulux. It serves decorative and industrial segments, focusing on innovation, sustainability, and premium product offerings in the Indian market.

With a market capitalisation of Rs. 12,874 cr, the shares of Akzo Nobel India Ltd are currently trading at Rs. 2,827 per share, down from its previous close of Rs. 2,855.95 per share. As of Q3FY26, promoter shareholding declined from 69.76% in Q2FY26 to 61.20% in Q3FY26, reflecting a reduction of 8.56%.

Whirlpool of India Ltd

Whirlpool of India is a subsidiary of Whirlpool Corporation and a major player in the home appliances industry. It manufactures and sells products such as refrigerators, washing machines, air conditioners, and microwaves, with strong brand recognition in India.

With a market capitalisation of Rs. 10,175 cr, the shares of Whirlpool of India Ltd are currently trading at Rs. 801 per share, up from its previous close of Rs. 790.95 per share. As of Q3FY26, promoter shareholding declined from 51% in Q2FY26 to 39.76% in Q3FY26, reflecting a reduction of 11.24%.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Whirlpool, Ola Electric, IOB and 7 Other Stocks in Which Promoters Cut Stakes by Up to 16% appeared first on Trade Brains.