A Foreign Institutional Investor (FII) is an investor or investment fund that is registered in a country other than the one it is investing in. Developing economies, in general, have been observed to have the highest volume of FII activities. One such emerging and developing market like India has observed huge sums of inflow by way of FII/FPI investments.
Listed below are 3 Small-cap stocks in which the FII shareholdings have increased up to 18.6 percent on a QoQ basis:
Go Fashion (India) Limited
Incorporated in 2010, Go Fashion (India) Limited is one of the largest women’s bottom-wear brands in India. It is engaged in the design, development, marketing, and retailing of various women’s bottom-wear products under the brand ‘Go Colors’.
As per the latest data available for the March quarter, Foreign Institutional Investors (FIIs) have increased their stake in the company from 6.37 percent in the December quarter to 16.57 percent in the March quarter which exhibits an increase of 10.2 percent.
The company’s stock is currently trading at a price of Rs 1,085 levels and has a market capitalization of Rs 5,859 crores.
Marksans Pharma Limited
Marksans Pharma Limited is a Pharmaceutical company that is engaged in the process of manufacturing and marketing pharmaceutical formulations. It manufactures expectorants, cardiovascular, gastrointestinal, and oncologic drugs as well as antibiotics and antiallergic medications.
The company has a global market presence with the majority of the revenue generated in European markets, North-American markets, and the United Kingdom.
As per the latest data available for the March quarter, Foreign Institutional Investors (FIIs) have increased their stake in the company from 4.23 percent in the December quarter to 15.11 percent in the March quarter which exhibits an increase of 10.88 percent.
The company’s stock is currently trading at a price of Rs 81 levels and has a market capitalization of Rs 3,652 crores.
Equitas Small Finance Bank Limited
Equitas Small Finance Bank Limited offers banking products and services to its customers such as providing small business loans comprising of housing loans, Micro and Small Enterprises loans, and others. The Bank has various segments which include Retail Banking, Treasury, and other Banking business. It generates a majority of its revenue from the ‘Retail Banking’ segment.
As per the latest data available for the March quarter, Foreign Institutional Investors (FIIs) have increased their stake in the company from 4.08 percent in the December quarter to 22.68 percent in the March quarter which exhibits an increase of 18.6 percent.
The company’s stock is currently trading at a price of Rs 70 levels and has a market capitalization of Rs 7,717 crores.
Written by Amit Madnani
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