Top 10 stocks in which FIIs have increased their stake in Q2 FY24; do you own any of them?
Worth paying attention to what has attracted FIIs to these specific investment opportunities
In the tumultuous financial landscape of Q2 FY24, where foreign institutional investors (FIIs) were net sellers in the cash market to the tune of a staggering Rs 33,390.8 crore, intriguing developments have emerged. The second quarter financial results are unveiling a tale of resiliency and conviction as companies across various sectors disclose their financial performance, providing market participants with insights that go beyond just numbers.
The suspense thickens as we delve into the shareholding patterns of these companies. In this article, we aim to spotlight the strategic moves of the most influential stakeholders, be it promoters, domestic institutional investors (DIIs), or the ever-watchful public investors. However, the spotlight remains firmly on FIIs, who have quietly but assertively maneuvered their portfolios during the quarter.
Here, we bring you the exclusive list of the Top 10 stocks where FIIs have increased their holdings for the quarter ending September 2023. These stocks have piqued the interest of international investors, showcasing their faith in the Indian markets:
|
Stock Name
|
Current price in Rs
|
Market Cap Rs in Cr
|
FIIs stake in QTR ended June 2023 in %
|
FIIs Stake in QTR ended September in %
|
% Change QoQ basis
|
Revenue QoQ Growth in %
|
Net profit QoQ Growth in %
|
|
Five-Star Business Finance
|
742.55
|
21,698.20
|
8.7
|
50.2
|
41.5
|
10.23
|
8.78
|
|
Blue Cloud Softech Solutions
|
84.96
|
1853.3
|
0
|
22.9
|
22.9
|
20.86
|
27.06
|
|
HDFC Bank
|
1535.75
|
11,64,377.40
|
33.4
|
52.1
|
18.7
|
7.61
|
-1.78
|
|
Sula Vineyards
|
477.8
|
4,032.60
|
6.8
|
20.6
|
13.8
|
-4.19
|
-3.97
|
|
SJS Enterprises
|
697.55
|
2,165.10
|
14.3
|
5.3
|
9
|
10.02
|
17.05
|
|
CMS Info Systems
|
372.35
|
5,827.70
|
23.8
|
15.3
|
8.5
|
2.02
|
5.45
|
|
Voltamp Transformers
|
4,548.45
|
4,601.70
|
22.3
|
14.1
|
8.2
|
-26.75
|
-33.68
|
|
GMM Pfaudler
|
1,183.10
|
8,151.20
|
26.5
|
18.8
|
7.7
|
5.35
|
42.79
|
|
Patanjali Foods
|
1,351.60
|
48,927.20
|
10.6
|
9.8
|
7.6
|
-1.34
|
-66.72
|
|
TD Power Systems
|
249.85
|
3,901.90
|
2.6
|
10.1
|
7.5
|
-11.83
|
-24.6
|
Each of these stocks comes with its unique narrative, and it's worth paying attention to what has attracted FIIs to these specific investment opportunities. Will their calculated moves pay off in the coming quarters? Time will tell.
And, here's a question for our readers: Do you own any of the above stocks? If so, we'd love to hear your perspective on these investment choices. Share your insights and experiences in the comment section, and let's engage in a fruitful discussion about these intriguing market dynamics.
DSIJ offers a service 'Value Pick' with recommendations for long term stock investment based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Disclaimer: The article is for informational purposes only and not investment advice.