Experts say that Indian markets are primarily driven by FII flows. Whenever FIIs buy shares, the markets gallop, and vice versa. Many investors closely track the stocks in which FIIs have either invested or have increased their stake.
Here are a few multibagger stocks in which FIIs have increased their stake:
NCC Ltd.
NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, roads, water supply and environment projects, mining, and power transmission lines. It is a small-cap company with a market capitalization of ₹ 7,964 crores.
In the past year, the company’s share price increased by 100% to ₹ 126.95 apiece, delivering multibagger returns. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2 lakhs today!
FIIs have increased their stake in the company from 15.76% in the December quarter (Q3FY23) to 19.96% in the January to March quarter (Q4FY23).
Jindal Saw
Jindal Saw, the flagship company of PR Jindal Group, is a leading global manufacturer and supplier of iron & steel pipes and pellets. It is a small-cap company with a market capitalization of ₹ 7,813 crores.
In the past year, the company’s share price increased by a whopping 176.44% to ₹ 244.50 apiece, delivering multibagger returns. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2.78 lakhs today!
FIIs have increased their stake in the company from 11.03% in the December quarter (Q3FY23) to 14.94% in the January to March quarter (Q4FY23).
Mrs Bectors Food Specialities Ltd
The company manufactures biscuits and bakery products that are marketed under Mrs Bector’s Cremica and Mrs Bector’s English Oven brands, respectively.
In the past year, the company’s share price increased by a massive 172.48% to ₹ 781.15 apiece, delivering multibagger returns. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2.72 lakhs today!
FIIs have increased their stake in the company from 2.87% in the December quarter (Q3FY23) to 5.64% in the January to March quarter (Q4FY23).
Written By Simran Bafna
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