SBI MF lowered to 5.19% in J K Cement | Mar’20 qtr.

J K Cement Limited is a construction material company and manufactures various types of cements like OPC, PPC and white cements. The company had 41.93% of the shareholdings through the public and 58.07% through the promoter and promoter group. These values were unchanged in December’19 quarter and March’20 quarter. The other changes in the public shareholding patterns of both the quarters were as given below:

Increase in shareholding % – The Mutual Funds extended the values from 21.31% to 21.37%. Mirae Asset Emerging Bluechip fund up-stepped the parts from 1.13% to 1.15%. The Foreign Portfolio Investors reported an increase from 12.09% to 12.39%. Fidelity Investment Trust Fidelity Series incremented the stakes from 4.40% to 4.59%. The Insurance Companies appeared with a rise from 2.20% to 2.28%. The Shareholders (Individual share capital up to Rs. 2 Lacs) increased from 60,252 to 62,863; the holdings stepped up from 3.60% to 3.61%. The Clearing Members grew from 0.02% to 0.08%.

Decrease in shareholding % – SBI Mutual Fund (Various Schemes) decremented the bet from 5.30% to 5.19%. Franklin Templeton Investment Funds reduced the parts from 2.29% to 1.92%. HDFC Standard Life Insurance Co. contracted from 1.20% to 1.10%. The holdings of holders with Individual share capital in excess of Rs. 2 Lacs lowered from 0.97% to 0.43%. The Bodies Corporate lessened from 0.99% to 0.93%. The Non-Resident Indians (NRI) down-stepped the stakes from 0.17% to 0.16%.

The following shareholders had identical holdings in both the quarters: Franklin India Prima Fund at 1.54%, Financial Institutions/ Banks at 0.01%, Foreign Institutional Investors at 0.03%, Central Government/ State Government(s)/ President of India at 0.00%, Overseas Corporate Bodies at 0.01%, Trusts at 0.00%, Societies at 0.14%, HUF at 0.14% and IEPF at 0.25%.

The number of public shareholders widened from 64,327 to 67,080. There were no major internal changes in the pattern of promoter and promoter group holdings.


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