Promoters bet big on 13 smallcap stocks; rally up to 170% in a year

When promoters put more of their own money on the line, it often tells a quiet but powerful story. An increase in promoter shareholding typically signals deep conviction—a belief that a company’s best days still lie ahead. As the December ’25 quarter unfolds, the data shows an interesting contrast.Shareholding details are available for 948 of the 1,217 smallcap stocks tracked. Of these, promoters in nearly 110 companies raised their stakes compared with the previous quarter—a clear vote of confidence despite broader market uncertainty.Yet the market has told a different story. Tracking one-year price performance shows that only about 20 of these stocks remain in positive territory. Among them, 13 posted gains ranging from 10% to a striking 170%. Leading the pack is a standout multibagger, NACL Industries, which more than doubled investor wealth over the past year. (Data source: ACE Equity) Promoters Bet Big