An unlikely trio that has captivated retail investors
Live MintWhat do a state-run power behemoth, a humble penny stock, and a Maharatna enterprise have in common? Leading this unlikely trio was NTPC Ltd, which added about 1.7 million new individual investors in the September quarter, thanks to its strong growth and green energy ambitions. NTPC was closely followed by telecom tower company GTL Infrastructure Ltd, a penny stock that added about 900,000 individual investors in the September quarter as it outpaced both the Nifty and Sensex this year. The September quarter’s other top three investor bets were the state-owned Oil and Natural Gas Corporation Ltd, Rama Steel Tubes, and Bank of Baroda. Among companies that saw a consistent addition of retail investors, a third, including Bank of Baroda and GTL Infrastructure, experienced a sequential decline in their stock prices in the second quarter.