India’s New Delhi According to the most recent report by the National Stock Exchange (NSE), promoters maintained their dominating position in the Indian stock markets during the January–March 2025 quarter, with the real estate industry showing the largest ownership.

The Real Estate sector had the largest promoter holdings in Q4 FY25, at 62.8%, up 19 basis points from the previous quarter, according to the report’s sector-wise statistics for NSE-listed businesses.

Then came Utilities, when promoter ownership, despite a 48 basis point drop, reached a two-year high of 59.2%.

It said that “Real Estate maintained the highest promoter ownership at 62.8 per cent (+19 bps QoQ), followed by Utilities at a two-year high of 59.2 per cent” .

Information technology was up 32 basis points at 52.8%, materials at 56.1% (down 58 basis points), industrials at 55.1% (down 58 basis points), and energy at 52.5% (down 9 basis points).

In Consumer Staples, promoter ownership increased by 1.2 percentage points on a quarter-over-quarter basis, while in Consumer Discretionary, it increased by 82 basis points. Moderate rises in promoter shares were also seen in the real estate and IT industries. Promoter stakes, however, either decreased or stayed the same in the majority of other industries.

The Financial sector had the biggest loss, with promoter holdings falling by 1.4 percentage points on a quarter-over-quarter basis to 40.7%. Financials had a cumulative drop of 2.6 percentage points during the second half of FY25, suggesting a potential shift in ownership trends.

For the eleventh consecutive quarter, utilities held the top spot in public ownership on the government side. To hit an 18-quarter high of 25.9 percent, government holdings in the sector grew by 1.2 percentage points.

Financials came in at 19.4% (down 1.9 pp), Industrials at 13.7% (down 1.2 bps), and Energy at 21.5% (a steep decline of 582 bps). As of March 2025, these four industries accounted for over 91% of all government investments in companies listed on the NSE.

The survey also noted that the consumer sectors (discretionary and staples) had the biggest exposure to foreign promoters, accounting for 38.6% of their portfolio. Next in line were Materials at 12.2 percent (up 74 bps) and Industrials at 21.6 percent (down 1.2 pp).

With differing investor interest from local promoters, the government, and international organizations, the data shows continuous changes in ownership patterns across important industries.