What does Shareholding pattern of J Kumar Infra suggest? - Shares are moving in the hands of FIIs from Non-Institutions (read public like you

and me) over a period of 5 quarters. FIIs holding increased from 6.17% to 20.97% by end of March 2015 quarter.

- DII holding is increased from none to 10.32% - More than 1% holding in March 2015 by: Smallcap World Fund INC, American

Funds Insurance Series Global Small, Capitalization Fund, Gmo Emerging Domestic Opportunities Fund, Goldman Sachs India Fund Ltd, Bajaj Allianz Life Insurance Company Ltd., DSP Blackrock India T I G E R Fund, Tata Aia Life Insurance Co-Ltd, Manaya Traders Pvt Ltd, Max Life Insurance Company Ltd, Birla Sun Life Trustee Company Pvt Ltd, GMO Emerging Market Fund. These put together is 30.29%

- Promoters holding came down from 57.35% to 51.04%. - Pledging by promoters of 12.41% of the total shares i.e. unpledged holding of

promoters is 38.63%. A cause of possible concern, if goes further down? - One dilution during this period reported in Jun quarter

J Kumar Infra Constructions

Mar-2015

Dec-2014

Sep-2014

Jun-2014

Mar-2014

Promoter and Promoter Group

51.04% 51.04% 51.04% 59.16% 57.35%

Indian 51.04% 51.04% 51.04% 59.16% 57.35%

Foreign -- -- -- -- --

Public 48.96% 48.96% 48.96% 40.84% 42.65%

Institutions 31.29% 29.56% 28.25% 14.76% 6.17%

FII 20.97% 19.48% 17.90% 10.18% 6.17%

DII 10.32% 10.08% 10.35% 4.58% --

Non Institutions (people like you and I)

17.67% 19.40% 20.71% 26.08% 36.48%

Bodies Corporate 12.83% 14.06% 13.77% 14.93% 18.79%

Custodians -- -- -- -- --

Total 3,22,26,205 3,22,26,205 3,22,26,205 2,78,01,205 2,78,01,205

Disc.: Holding the stock. This is not a recommendation communication but only with the objective of study and feedback. Please consult a qualified investment adviser and a registered equity analyst before you make any investment decisions.

Always look forward receiving your feedback. Cheers, Niteen S Dharmawat Blog: http://dharmawat.blogspot.com/ Twitter: @niteen_india Facebook: https://www.facebook.com/dharmawat slideshare: www.slideshare.net/ndharmawat/ Linkedin: in.linkedin.com/in/dharmawat/

IMPORTANT DISCLAIMER: Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The above article is written with the sole objective of taking feedback from the readers. The information contained herein is based on my study and upon sources that I consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and not intended for any investment decisions. I am not responsible for any profit or loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the discussion thread above/anywhere in communication. It is safe to assume that I, my family, friends have vested interest in any of the stock ideas discussed here. Please do your due diligence and take the help of a qualified investment adviser and a registered equity analyst before you make any investment decisions.

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