{"id":324927,"date":"2026-10-23T09:02:55","date_gmt":"2026-10-23T03:32:55","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=324927"},"modified":"2026-10-23T09:02:55","modified_gmt":"2026-10-23T03:32:55","slug":"midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/","title":{"rendered":"4 Midcap Stocks With Promoter Holding Below 40 Per Cent to Watch for Future Multibagger Potential: Tata Consumer, Persistent Systems, Coforge and Max Healthcare"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Tata Consumer Rs 959.80. Persistent Systems Rs 5,740.50. Coforge Rs 1,908.80. Max Healthcare Rs 817. Market caps from Rs 83,403 crore to Rs 98,391 crore. Data as of 21 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Tata Consumer, Persistent Systems, Coforge and Max Healthcare are the 4 picks in this stocks with promoter holding below 40 per cent watchlist, with market caps between Rs 83,403 crore and Rs 98,391 crore. Tata Consumer stands out for the largest market cap at Rs 98,391 crore, while Persistent Systems offers the highest return on equity at 23.80%. PE ratios run from 44.99 to 59.92, so compare each one with its industry PE before investing. All figures are as of 21 October 2026.<\/p>\n<\/p><\/div>\n<p>Stocks with promoter holding below 40 per cent to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Tata Consumer, Persistent Systems, Coforge and Max Healthcare meet that test, with market caps from Rs 83,403 crore to Rs 98,391 crore and Tata Consumer offering the largest market cap at Rs 98,391 crore. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and promoter holding below 40 per cent in the latest shareholding data, and net profit rose in FY26 and in the latest quarter.<\/p>\n<p>This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and promoter holding below 40 per cent in the latest shareholding data, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening stocks with promoter holding below 40 per cent usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 21 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=stocks-with-promoter-holding-below-per-cent\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#What_Are_Stocks_With_Promoter_Holding_Below_40_Per_Cent_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are Stocks With Promoter Holding Below 40 Per Cent and Why Do They Attract Multibagger Interest?\">What Are Stocks With Promoter Holding Below 40 Per Cent and Why Do They Attract Multibagger Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Stocks_With_Promoter_Holding_Below_40_Per_Cent_at_a_Glance_Price_Market_Cap_PE_and_ROE\" title=\"Stocks With Promoter Holding Below 40 Per Cent at a Glance: Price, Market Cap, PE and ROE\">Stocks With Promoter Holding Below 40 Per Cent at a Glance: Price, Market Cap, PE and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Tata_Consumer_Quarterly_Profit_Up_2841\" title=\"Tata Consumer: Quarterly Profit Up 28.41%\">Tata Consumer: Quarterly Profit Up 28.41%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Persistent_Systems_2820_Profit_CAGR_Since_FY22\" title=\"Persistent Systems: 28.20% Profit CAGR Since FY22\">Persistent Systems: 28.20% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Coforge_2372_Profit_CAGR_Since_FY22\" title=\"Coforge: 23.72% Profit CAGR Since FY22\">Coforge: 23.72% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Max_Healthcare_2426_Profit_CAGR_Since_FY22\" title=\"Max Healthcare: 24.26% Profit CAGR Since FY22\">Max Healthcare: 24.26% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Stocks_With_Promoter_Holding_Below_40_Per_Cent_Financial_Comparison_on_Growth_and_Margins\" title=\"Stocks With Promoter Holding Below 40 Per Cent: Financial Comparison on Growth and Margins\">Stocks With Promoter Holding Below 40 Per Cent: Financial Comparison on Growth and Margins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Institutional_Holding_in_Tata_Consumer_Persistent_Systems_Coforge_and_Max_Healthcare\" title=\"Institutional Holding in Tata Consumer, Persistent Systems, Coforge and Max Healthcare\">Institutional Holding in Tata Consumer, Persistent Systems, Coforge and Max Healthcare<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Risks_to_Weigh_in_Stocks_With_Promoter_Holding_Below_40_Per_Cent\" title=\"Risks to Weigh in Stocks With Promoter Holding Below 40 Per Cent\">Risks to Weigh in Stocks With Promoter Holding Below 40 Per Cent<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#How_to_Choose_Between_Stocks_With_Promoter_Holding_Below_40_Per_Cent\" title=\"How to Choose Between Stocks With Promoter Holding Below 40 Per Cent\">How to Choose Between Stocks With Promoter Holding Below 40 Per Cent<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_Stocks_With_Promoter_Holding_Below_40_Per_Cent_to_Watch\" title=\"Frequently Asked Questions on Stocks With Promoter Holding Below 40 Per Cent to Watch\">Frequently Asked Questions on Stocks With Promoter Holding Below 40 Per Cent to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Which_are_the_best_stocks_with_promoter_holding_below_40_per_cent_to_watch_for_multibagger_potential\" title=\"Which are the best stocks with promoter holding below 40 per cent to watch for multibagger potential?\">Which are the best stocks with promoter holding below 40 per cent to watch for multibagger potential?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Is_Persistent_Systems_a_good_stock_for_long-term_investors\" title=\"Is Persistent Systems a good stock for long-term investors?\">Is Persistent Systems a good stock for long-term investors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Can_Max_Healthcare_become_a_multibagger_from_here\" title=\"Can Max Healthcare become a multibagger from here?\">Can Max Healthcare become a multibagger from here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#What_is_the_market_cap_of_Tata_Consumer_Persistent_Systems_Coforge_and_Max_Healthcare\" title=\"What is the market cap of Tata Consumer, Persistent Systems, Coforge and Max Healthcare?\">What is the market cap of Tata Consumer, Persistent Systems, Coforge and Max Healthcare?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_stocks_with_promoter_holding_below_40_per_cent\" title=\"What are the risks of investing in stocks with promoter holding below 40 per cent?\">What are the risks of investing in stocks with promoter holding below 40 per cent?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#Why_is_Persistent_Systems_trading_at_a_PE_of_4832\" title=\"Why is Persistent Systems trading at a PE of 48.32?\">Why is Persistent Systems trading at a PE of 48.32?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_Tata_Consumer_Persistent_Systems_Coforge_and_Max_Healthcare\" title=\"How much do institutions hold in Tata Consumer, Persistent Systems, Coforge and Max Healthcare?\">How much do institutions hold in Tata Consumer, Persistent Systems, Coforge and Max Healthcare?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Stocks_With_Promoter_Holding_Below_40_Per_Cent_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are Stocks With Promoter Holding Below 40 Per Cent and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stocks with promoter holding below 40 per cent are shares of professionally run mid-sized companies where institutions and public investors own most of the equity. The four here cover tea and packaged foods, two IT services companies and hospitals.<\/p>\n<p>Wide public ownership means management answers to a large base of informed investors. For stocks with promoter holding below 40 per cent, rising profit adds to the case. Whichever way you read stocks with promoter holding below 40 per cent, the common thread is rising profit backed by complete financial data. For stocks with promoter holding below 40 per cent, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of stocks with promoter holding below 40 per cent, using FY26 and latest quarter data. Prices move daily, so recheck the figures for stocks with promoter holding below 40 per cent before you decide.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stocks_With_Promoter_Holding_Below_40_Per_Cent_at_a_Glance_Price_Market_Cap_PE_and_ROE\"><\/span><strong>Stocks With Promoter Holding Below 40 Per Cent at a Glance: Price, Market Cap, PE and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are closing prices as of 21 October 2026. Coforge has the lowest PE of the group at 44.99, while Persistent Systems posts the highest return on equity at 23.80%.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Industry PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Debt to Equity<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">52-Week Range (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/tataconsum\/tata-consumer-products-ltd-share-price-today\">Tata Consumer Products<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">959.80<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">98,391<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">59.92<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">35.10<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.08%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.13<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">945.00 to 1,282.70<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/persistent\/persistent-systems-ltd-share-price-today\">Persistent Systems<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5,740.50<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">92,936<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">48.32<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18.27<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.80%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.06<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4,244.50 to 6,599.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/coforge\/coforge-ltd-share-price-today\">Coforge<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,908.80<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">86,393<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">44.99<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.66<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.31%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.08<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,008.10 to 2,021.20<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/maxhealth\/max-healthcare-institute-ltd-share-price-today\">Max Healthcare Institute<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">817<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">83,403<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">57.24<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">60.75<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.42%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.32<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">817.00 to 1,221.90<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Tata_Consumer_Quarterly_Profit_Up_2841\"><\/span><strong>Tata Consumer: Quarterly Profit Up 28.41%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tata Consumer Products sells tea, coffee, salt and packaged foods under brands such as Tata Tea, Tetley, Tata Salt and Tata Sampann. It reported FY26 revenue of Rs 20,455.18 crore, up 14.84% year on year, and net profit of Rs 1,637.50 crore, up 18.63%. Net profit has compounded at 10.99% a year since FY22, while revenue has grown 12.96% a year. Operating margin was 14.47% in FY26. The debt-to-equity ratio is 0.13, which keeps interest costs low.<\/p>\n<p>In the June 2026 quarter, revenue rose 12.46% to Rs 5,420.82 crore and net profit grew 28.41% to Rs 444.86 crore. Domestic institutions raised their holding from 22.03% in June 2025 to 25.01% in June 2026. The stock trades at a PE of 59.92 against an industry PE of 35.10.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Persistent_Systems_2820_Profit_CAGR_Since_FY22\"><\/span><strong>Persistent Systems: 28.20% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Persistent Systems is a digital engineering company that builds software products and AI-led platforms for clients in banking, healthcare and technology. It reported FY26 revenue of Rs 14,928.88 crore, up 23.62% year on year, and net profit of Rs 1,865.12 crore, up 33.21%. Net profit has compounded at 28.20% a year since FY22, while revenue has grown 26.37% a year. Operating margin was 19.57% in FY26. The debt-to-equity ratio is 0.06, which keeps interest costs low.<\/p>\n<p>The stock trades at a PE of 48.32 against an industry PE of 18.27, with a return on equity of 23.80%. In the June 2026 quarter, revenue rose 29.09% to Rs 4,373.87 crore and net profit grew 13.67% to Rs 483.04 crore. The share price has gained 177.49% over five years. Domestic institutions raised their holding from 30.60% in September 2025 to 31.96% in September 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Coforge_2372_Profit_CAGR_Since_FY22\"><\/span><strong>Coforge: 23.72% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Coforge is an IT services company serving clients in travel, banking, insurance and other industries. It reported FY26 revenue of Rs 16,475.90 crore, up 34.63% year on year, and net profit of Rs 1,674.50 crore, up 73.79%. Net profit has compounded at 23.72% a year since FY22, while revenue has grown 26.26% a year. Operating margin was 17.40% in FY26. The debt-to-equity ratio is 0.08, which keeps interest costs low.<\/p>\n<p>In the June 2026 quarter, revenue rose 49.19% to Rs 5,554.50 crore and net profit grew 49.19% to Rs 531.70 crore. The share price has gained 73.24% over five years and 10.25% over the past year. The stock trades at a PE of 44.99 against an industry PE of 17.66, with a return on equity of 16.31%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Max_Healthcare_2426_Profit_CAGR_Since_FY22\"><\/span><strong>Max Healthcare: 24.26% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Max Healthcare Institute runs a network of multi-speciality hospitals in Delhi NCR, Mumbai and other cities. It reported FY26 revenue of Rs 8,536.07 crore, up 18.82% year on year, and net profit of Rs 1,442.41 crore, up 34.07%. Net profit has compounded at 24.26% a year since FY22, while revenue has grown 20.42% a year. Operating margin was 28.15% in FY26. The debt-to-equity ratio is 0.32.<\/p>\n<p>The stock trades at a PE of 57.24 against an industry PE of 60.75, below the sector average, with a return on equity of 13.42%. In the June 2026 quarter, revenue rose 16.60% to Rs 2,406.69 crore and net profit grew 4.87% to Rs 322.96 crore. The share price has gained 149.91% over five years. Domestic institutions raised their holding from 17.42% in June 2025 to 29.96% in June 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stocks_With_Promoter_Holding_Below_40_Per_Cent_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>Stocks With Promoter Holding Below 40 Per Cent: Financial Comparison on Growth and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares scale and growth across these stocks with promoter holding below 40 per cent. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue Growth (YoY)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Revenue CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Net Profit CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Operating Margin (Latest Quarter)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Tata Consumer<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20,455.18<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,637.50<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.84%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.96%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.99%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.88%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Persistent Systems<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14,928.88<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,865.12<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.62%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">26.37%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">28.20%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.84%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Coforge<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16,475.90<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,674.50<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">34.63%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">26.26%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.72%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18.63%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Max Healthcare<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8,536.07<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,442.41<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18.82%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.42%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">24.26%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">27.00%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these stocks with promoter holding below 40 per cent<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_Tata_Consumer_Persistent_Systems_Coforge_and_Max_Healthcare\"><\/span><strong>Institutional Holding in Tata Consumer, Persistent Systems, Coforge and Max Healthcare<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these stocks with promoter holding below 40 per cent alongside the promoter. The table uses the latest reported quarter for each. Max Healthcare has the deepest institutional backing, with FII and DII together holding 71.74% as of June 2026. Domestic institutions increased their holding over the past year in Tata Consumer (from 22.03% to 25.01%), Persistent Systems (from 30.60% to 31.96%) and Max Healthcare (from 17.42% to 29.96%).<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Promoter<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">FII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">DII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Public<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Quarter<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Tata Consumer<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">33.83%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.08%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">25.01%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">21.08%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Persistent Systems<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">30.29%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.79%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">31.96%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.96%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Coforge<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Nil<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">24.31%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">42.62%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">33.07%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Max Healthcare<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.71%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">41.78%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">29.96%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4.56%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_Stocks_With_Promoter_Holding_Below_40_Per_Cent\"><\/span><strong>Risks to Weigh in Stocks With Promoter Holding Below 40 Per Cent<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with stocks with promoter holding below 40 per cent means looking at what can slow the story as well as what can speed it up. Four points matter most:<\/p>\n<ul>\n<li>Past growth may not repeat.<\/li>\n<li>Share prices can move sharply in either direction.<\/li>\n<li><strong>Valuation:<\/strong> Persistent Systems trades at a PE of 48.32 against an industry PE of 18.27, so earnings need to keep growing to support the price.<\/li>\n<li><strong>Concentration:<\/strong> Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Between_Stocks_With_Promoter_Holding_Below_40_Per_Cent\"><\/span><strong>How to Choose Between Stocks With Promoter Holding Below 40 Per Cent<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from stocks with promoter holding below 40 per cent comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.<\/li>\n<li>Compare each PE with the industry PE (17.66 to 60.75) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track net profit growth, the operating margin and the return on equity in every quarterly result.<\/li>\n<li>Stagger entries across quarters and review institutional holding every reporting season.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Tata Consumer, Persistent Systems, Coforge and Max Healthcare live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among stocks with promoter holding below 40 per cent, Tata Consumer stands out for the largest market cap at Rs 98,391 crore, Persistent Systems for the highest return on equity at 23.80%, Coforge for the strongest latest-quarter profit growth at 49.19% and Max Healthcare for 18.82% revenue growth in FY26. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing stocks with promoter holding below 40 per cent should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Stocks_With_Promoter_Holding_Below_40_Per_Cent_to_Watch\"><\/span><strong>Frequently Asked Questions on Stocks With Promoter Holding Below 40 Per Cent to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_stocks_with_promoter_holding_below_40_per_cent_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best stocks with promoter holding below 40 per cent to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tata Consumer, Persistent Systems, Coforge and Max Healthcare are the 4 names this list highlights, with market caps of Rs 98,391 crore, Rs 92,936 crore, Rs 86,393 crore and Rs 83,403 crore respectively. Tata Consumer is notable for the largest market cap at Rs 98,391 crore. Persistent Systems stands out for the highest return on equity at 23.80%. Coforge offers the strongest latest-quarter profit growth at 49.19%. Max Healthcare brings 18.82% revenue growth in FY26. These are watchlist names for stocks with promoter holding below 40 per cent, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Persistent_Systems_a_good_stock_for_long-term_investors\"><\/span><strong>Is Persistent Systems a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Persistent Systems has a return on equity of 23.80%, a PE of 48.32 against an industry PE of 18.27 and a market cap of Rs 92,936 crore. Net profit has compounded at 28.20% a year since FY22, and FY26 revenue rose 23.62% while June 2026 quarter net profit grew 13.67%. Long-term returns in stocks with promoter holding below 40 per cent depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Max_Healthcare_become_a_multibagger_from_here\"><\/span><strong>Can Max Healthcare become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Max Healthcare has already gained 149.91% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with promoter holding below 40 per cent requires earnings to keep growing faster than the market for several years. Net profit has compounded at 24.26% a year since FY22, and FY26 revenue rose 18.82%. At a PE of 57.24 against an industry PE of 60.75, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_Tata_Consumer_Persistent_Systems_Coforge_and_Max_Healthcare\"><\/span><strong>What is the market cap of Tata Consumer, Persistent Systems, Coforge and Max Healthcare?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 21 October 2026, Tata Consumer has a market cap of Rs 98,391 crore, Persistent Systems has a market cap of Rs 92,936 crore, Coforge has a market cap of Rs 86,393 crore and Max Healthcare has a market cap of Rs 83,403 crore. All of them qualify as midcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on stocks with promoter holding below 40 per cent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_stocks_with_promoter_holding_below_40_per_cent\"><\/span><strong>What are the risks of investing in stocks with promoter holding below 40 per cent?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Persistent Systems trades at a PE of 48.32 against an industry PE of 18.27, so earnings growth needs to hold up.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Persistent_Systems_trading_at_a_PE_of_4832\"><\/span><strong>Why is Persistent Systems trading at a PE of 48.32?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Persistent Systems&#8217; PE of 48.32 compares with an industry PE of 18.27. The market is paying a premium for a return on equity of 23.80%, profit growth of 28.20% a year since FY22 and latest-quarter profit growth of 13.67%, which also means the stock is more sensitive if growth slows. Investors in stocks with promoter holding below 40 per cent who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_Tata_Consumer_Persistent_Systems_Coforge_and_Max_Healthcare\"><\/span><strong>How much do institutions hold in Tata Consumer, Persistent Systems, Coforge and Max Healthcare?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of the latest reported quarter, FII and DII together hold 45.09% of Tata Consumer (20.08% and 25.01%), 52.75% of Persistent Systems (20.79% and 31.96%), 66.93% of Coforge (24.31% and 42.62%) and 71.74% of Max Healthcare (41.78% and 29.96%). Rising institutional holding is a useful signal in stocks with promoter holding below 40 per cent, though it should be read with earnings trends rather than on its own.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best stocks with promoter holding below 40 per cent to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tata Consumer, Persistent Systems, Coforge and Max Healthcare are the 4 names this list highlights, with market caps of Rs 98,391 crore, Rs 92,936 crore, Rs 86,393 crore and Rs 83,403 crore respectively. Tata Consumer is notable for the largest market cap at Rs 98,391 crore. Persistent Systems stands out for the highest return on equity at 23.80%. Coforge offers the strongest latest-quarter profit growth at 49.19%. Max Healthcare brings 18.82% revenue growth in FY26. These are watchlist names for stocks with promoter holding below 40 per cent, not recommendations, so match each one to your own risk profile and time horizon.\"}},{\"@type\":\"Question\",\"name\":\"Is Persistent Systems a good stock for long-term investors?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Persistent Systems has a return on equity of 23.80%, a PE of 48.32 against an industry PE of 18.27 and a market cap of Rs 92,936 crore. Net profit has compounded at 28.20% a year since FY22, and FY26 revenue rose 23.62% while June 2026 quarter net profit grew 13.67%. Long-term returns in stocks with promoter holding below 40 per cent depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.\"}},{\"@type\":\"Question\",\"name\":\"Can Max Healthcare become a multibagger from here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Max Healthcare has already gained 149.91% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with promoter holding below 40 per cent requires earnings to keep growing faster than the market for several years. Net profit has compounded at 24.26% a year since FY22, and FY26 revenue rose 18.82%. At a PE of 57.24 against an industry PE of 60.75, valuation should be checked against that growth before investing.\"}},{\"@type\":\"Question\",\"name\":\"What is the market cap of Tata Consumer, Persistent Systems, Coforge and Max Healthcare?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of 21 October 2026, Tata Consumer has a market cap of Rs 98,391 crore, Persistent Systems has a market cap of Rs 92,936 crore, Coforge has a market cap of Rs 86,393 crore and Max Healthcare has a market cap of Rs 83,403 crore. All of them qualify as midcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on stocks with promoter holding below 40 per cent.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in stocks with promoter holding below 40 per cent?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Persistent Systems trades at a PE of 48.32 against an industry PE of 18.27, so earnings growth needs to hold up.\"}},{\"@type\":\"Question\",\"name\":\"Why is Persistent Systems trading at a PE of 48.32?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Persistent Systems' PE of 48.32 compares with an industry PE of 18.27. The market is paying a premium for a return on equity of 23.80%, profit growth of 28.20% a year since FY22 and latest-quarter profit growth of 13.67%, which also means the stock is more sensitive if growth slows. Investors in stocks with promoter holding below 40 per cent who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.\"}},{\"@type\":\"Question\",\"name\":\"How much do institutions hold in Tata Consumer, Persistent Systems, Coforge and Max Healthcare?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of the latest reported quarter, FII and DII together hold 45.09% of Tata Consumer (20.08% and 25.01%), 52.75% of Persistent Systems (20.79% and 31.96%), 66.93% of Coforge (24.31% and 42.62%) and 71.74% of Max Healthcare (41.78% and 29.96%). Rising institutional holding is a useful signal in stocks with promoter holding below 40 per cent, though it should be read with earnings trends rather than on its own.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>4 midcap stocks with promoter holding below 40 per cent compared on market cap, PE, ROE, growth and institutional holding: Tata Consumer, Persistent Systems, Coforge and Max Healthcare.<\/p>\n","protected":false},"author":33,"featured_media":324926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[14991,14992],"class_list":["post-324927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-stocks-with-promoter-holding-below-40-per-cent","tag-stocks-with-promoter-holding-below-40-per-cent-sector"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["324926"],"rank_math_title":["Stocks With Promoter Holding Below 40 Per Cent to Watch in 2026"],"rank_math_description":["Stocks with promoter holding below 40 per cent for multibagger potential: Tata Consumer, Persistent Systems, Coforge and Max Healthcare. PE, ROE and growth compared."],"rank_math_focus_keyword":["stocks with promoter holding below 40 per cent"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/4-midcap-stocks-with-promoter-holding-below-40-per-cent-to-watch-for-future.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=324927"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324927\/revisions"}],"predecessor-version":[{"id":324928,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324927\/revisions\/324928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/324926"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=324927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=324927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=324927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}