Power of Low Float (less Retail Holding) - Recent Example is the Adani Group
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https://forum.definedgesecurities.com/post/2301
Adani Stocks are on fire lately, let's check the free float for all Adani Companies
What is a Free Float?
Free Float refers to the shares out there in the wild – the ones held by the everyday folks, the Retail Public, ready to be traded. It's like the chunk of ownership that's not in the hands of the bigwig promoters and institutions. These are the shares that are available for trading in the market.
Lesser the Free Float, Swiftier the moves in stock price
Check out the chart above – it's pretty clear that a significant chunk of ownership in most Adani companies is in the hands of the big players, the promoters, and institutions. There's not much free float, meaning not a whole lot of shares are up for grabs from the general public
Now let's check how the prices have moved in the last 2 weeks:
Adani Total Gas, with the least available shares for public trading, has experienced the most substantial surge in the past two weeks. The stock has nearly doubled in value within this short timeframe.
Less Free Float is a double-edged sword, when the tides turn, stocks with less free float also tend to fall rapidly
