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Following a rise of over 1 per cent, which ended a three-day losing streak, the Indian stock market benchmark Nifty 50 experienced a nearly 1 per cent drop during intraday trading on Thursday, August 8. The market trend reflects buying on dips and profit booking at higher levels, driven by heightened geopolitical tensions and concerns over US economic growth. In such volatile times, identifying growth companies with high insider ownership can be crucial as it often indicates confidence in the company's future prospects from those who know it best.
Top 10 Growth Companies With High Insider Ownership In India
Name | Insider Ownership | Earnings Growth |
Archean Chemical Industries (NSEI:ACI) | 22.9% | 35% |
Kirloskar Pneumatic (BSE:505283) | 30.6% | 30.1% |
Dixon Technologies (India) (NSEI:DIXON) | 24.6% | 35.7% |
Jupiter Wagons (NSEI:JWL) | 10.8% | 27.2% |
Happiest Minds Technologies (NSEI:HAPPSTMNDS) | 31.9% | 20.7% |
Paisalo Digital (BSE:532900) | 16.3% | 23.8% |
JNK India (NSEI:JNKINDIA) | 20.9% | 31.8% |
KEI Industries (BSE:517569) | 19.1% | 20.3% |
Pricol (NSEI:PRICOLLTD) | 25.5% | 24% |
Aether Industries (NSEI:AETHER) | 31.1% | 43.6% |
Let's explore several standout options from the results in the screener.
Prataap Snacks
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Prataap Snacks Limited operates a snacks food business in India and internationally with a market cap of ₹21.68 billion.
Operations: The company's revenue segment includes ₹16.52 billion from its snacks food business.
Insider Ownership: 14.5%
Prataap Snacks shows strong growth potential with earnings forecasted to grow 25.15% annually, outpacing the Indian market's average. Despite a recent dip in quarterly net income to INR 94.39 million from INR 134.25 million, the company reported increased sales and revenue for Q1 2024 compared to last year. Insider ownership remains significant, indicating confidence in long-term prospects despite recent board changes and fluctuations in earnings per share.
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Take a closer look at Prataap Snacks' potential here in our earnings growth report.
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Upon reviewing our latest valuation report, Prataap Snacks' share price might be too pessimistic.
Honasa Consumer
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Honasa Consumer Limited is a digital-first beauty and personal care company operating in India and internationally, with a market cap of ₹160.94 billion.
Operations: Honasa Consumer Limited generates revenue primarily from its digital-first beauty and personal care products sold both in India and internationally.