Four stocks where promoters see value despite market volatility

Subscribe to enjoy similar stories. If you’ve been tracking promoter activity over the past few years, you would have noticed that 2025 took the trend to a new extreme. Promoter selling crossed ₹1.5 trillion last year, setting a fresh all-time high and extending a three-year streak of over ₹1 trillion in annual sell-downs.

Large numbers like these often unsettle investors. But seasoned market participants know that promoter transactions need context. Not every sale signals distress.

Even as overall promoter holdings across listed companies have trended lower, a quieter and more telling counter-trend has emerged. Some promoters have been buying shares from the open market, signalling conviction in their businesses at a time when uncertainty remains high. These transactions are more than just disclosures.

They reflect promoters putting fresh capital at risk, backing the upside they believe the market has yet to fully recognise. If you would like to explore this theme further, you can join Richa Agarwal, Equitymaster’s smallcap editor, for an online discussion on promoter buying in Indian stocks. We look at four recently listed companies where promoters have been increasing their stake through open-market purchases.

First on the list is Enviro Infra Engineers, a company specialising in end-to-end water and wastewater management solutions across India. It caters to both municipal and industrial clients, offering turnkey projects such as sewage treatment plants, sewerage systems, water treatment plants, water supply systems, and common effluent treatment facilities. During the December 2025 quarter, the company’s promoters raised their stake to 70.13%.