LIC, Bank of Baroda to Canara Bank: This penny stock is owned by 5 PSU stocks
Multibagger penny stock: GTL Infrastructure shares are one of the multibagger stocks that the Indian stock market has delivered in the last one year. This penny stock has ascended from ₹0.85 to ₹1.85 per share level NSE, delivering over 115 percent return to its long-term shareholders. It would interesting for stock market investors to know that a good number of state-owned companies have a shareholding in this penny stock.
As per the shareholding pattern of GTL Infrastructure Ltd for the October to December 2023 quarter, PSU companies like Life Insurance Corporation (LIC) of India, Bank of Baroda (BoB), Canara Bank, Central Bank of India, and Union Bank of India. These PSU stocks own over 1 percent stake in this penny stock. As per the shareholding pattern of GTL Infrastructure Limited for Q3FY24, LIC owns 42,61,77,058 shares of GTL Infra, which is 3.33 percent of the total paid-up capital of the company.
In the July to September 2023 quarter, LIC owned the same number of stocks in this penny stock. This means the insurance behemoth of India remained steady in this penny stock during the October to December 2023 quarter. In the shareholding pattern of GTL Infrastructure Ltd for the October to December 2023 quarter, Bank of Baroda owns 72,79,74,981 shares of GTL Infra, which is 5.68 percent of the total paid-up capital of the company.
In the shareholding pattern of the previous quarter, this PSU bank owned the same number of GTL Infra stocks, which means the state-owned bank remained steady in this penny stock during Q3FY24. In the shareholding pattern of GTL Infrastructure Ltd for Q3FY24, Canara Bank owns 51,91,15,428 GTL Infra shares or 4.05 percent stake in the company. In the July to September 2023 quarter, Canara
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