Foreign Institutional Investors (FIIs) are recognized as market movers. They are institutional investors from outside the nation who invest in a particular country’s stock market. FII buying is regarded as important.Market participants, analysts, and investors actively track FII purchasing activity because it may give insights into overall market sentiments and attractiveness towards specific country’s stocks. When FIIs buy stocks, it indicates positive sentiment and confidence in the market.
In light of geopolitical uncertainties, FII flow in defence companies has been increasing in Indian markets over the previous two quarters.
Here are three Defence Stocks with High FII’s holding in June Quarter
Hindustan Aeronautics Ltd
Hindustan Aeronautics Limited is one of the world’s oldest and largest aerospace and defence manufacturers.Company produces aircraft and helicopters as well as satellite launch vehicles such as polar satellite launch vehicles and geosynchronous satellite launch vehicles.
The company belongs to the Large-cap category with a market capitalization of Rs 1,28,887 crores. Shares closed at Rs 3,854.45 a share on July 21, up 0.46 percent from the previous close price.
As per shareholding pattern, FIIs currently hold 11.9 percent of the company as of the June quarter, a 6.34 percentage point rise from their position of 5.56 percent in the same quarter last year.Similarly, domestic institutional investors(DIIs) own 10.64 percent as of Q1FY24.
In the last year, the stock has returned a multibagger gain of 109 percent, and in the previous six months, it has returned 53 percent.
In FY 22-23, the company’s operational sales climbed by 9% to Rs 26,927 crores over the previous year. Similarly, over the same time period, net profit increased by 14% to Rs 5,824 crores.
Bharat Electronics Ltd
Bharat Electronics Ltd is a state-owned aerospace and defence business in India that specialises in electronic warfare systems, tank electronics, and simulators.
The company belongs to the Large-cap category with a market capitalization of Rs 91,335 crores. On July 21, shares closed at Rs 124.95 a share, down 0.83 percent from the previous close price..
As per shareholding pattern, FIIs currently hold 17.35 percent of the company as of the June quarter, a 1.36 percentage point rise from their position of 15.99 percent in the same quarter last year.Similarly, domestic institutional investors(DIIs) own 24.84 percent as of Q1FY24.
In the previous year, the stock has increased by 48 percent, and in the last six months, it has increased by 23.72 percent.
Company’s revenue climbed by 15% year on year, from Rs 15,368 crore in FY 21-22 to Rs 17,734 crore in FY 22-23. During the same time period, net profit increased by 25% from Rs 2,354 crore to Rs 2,940 crore.
Cochin Shipyard Ltd.
Cochin Shipyard Ltd (CSL) is the largest shipbuilding and maintenance facility in India,It is the market leader in the construction of all types of vessels, repairs, and ships, with competence in the shipbuilding and ship repairing industries.
The company belongs to the Small-cap category with a market capitalization of Rs 8,776 crores. On July 21, shares closed at Rs 667.20 a share,up 0.02 percent from the previous close price.
As per shareholding pattern, FIIs currently hold 5.73 percent of the company as of the June quarter, a 2.98 percentage point rise from their position of 2.75 percent in the same quarter last year.Similarly, domestic institutional investors(DIIs) own 3.22 percent as of Q1FY24.
In the last year, the stock has gained multibagger return of 107 percent, and in the previous six months, it has returned 31 percent
In FY 22-23, the company’s operational sales fell by 26% to Rs 2,364 crores from the previous year. Similarly, over the same time period, net profit fell by 46% to Rs 304 crores.
Written by Omkar Chitnis
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