Institutional investors aggregate money from various investors and other entities and then invest it in different financial assets. There are two types of Institutional Investors, Foreign Institutional Investors (FIIs), and Domestic Institutional Investors, (DIIs) in India.
Whenever foreign investors like Goldman Sachs, Morgan Stanley, HSBC, and others buy or sell the shares of Indian companies, their stock price makes a significant move. The same pattern is observed when domestic institutions like Mutual Funds or Insurance Corporation buy or sell stocks.
These are the stocks in which both FIIs and DIIs have increased their stake in the recent quarter:
Timken India Ltd
With a market capitalization of Rs. 29,154 crores, the shares of the bearing manufacturing company started Monday’s trading session on a lower note at Rs. 3,890 compared to its previous close of Rs. 3,905. During the trading session, the shares hit a low of Rs. 3,858, losing around 1 percent and closed the day at Rs. 3,875 apiece.
Looking at the company’s financial statements, the revenue zoomed by 47 percent from Rs. 612 crores during the December quarter to Rs. 898 crores in the March quarter. In addition, the net profits magnified by 107 percent from Rs. 68 crores to Rs. 141 crores during the same period.
The Foreign Institutional Investors (FIIs) raised their ownership in the company by 5.33 per cent, climbing from 7.20 percent in the March quarter to 12.53 percent in the June quarter.
Concurrently, Domestic Institutional Investors (DIIs) boosted their stake by 1.95 per cent, increasing from 23.62 percent to 25.57 percent over the same period.
Craftsman Automation Ltd
With a market capitalization of Rs. 12,582 crores, the shares of the engineering company started Monday’s trading session on a lower note at Rs. 5,010 compared to its previous close of Rs. 5,102.75. During the trading session, the shares hit a high of Rs. 5,324, gaining around 4 percent and closed the day at Rs. 5,274 apiece.
Coming to the company’s financial performance, the revenue decreased by 2 percent from Rs. 1,130 crores duirng the December quater to Rs. 1,105 crores in the March quarter. On the other hand, the net profits declined by 12 percent from Rs. 81 crores to Rs. 71 crores duirng the same timeframe.
The Foreign Institutional Investors (FIIs) raised their ownership in the company by 3.21 per cent, climbing from 12.55 percent in the March quarter to 15.76 percent in the June quarter.
Additionally, Domestic Institutional Investors (DIIs) increased their stake by 5.45 per cent, increasing from 16 percent to 21.45 percent over the same period.
PSP Projects Ltd
With a market capitalization of Rs. 2,685 crores, the shares of the real estate company started Monday’s trading session on a flatter note at Rs. 662 compared to its previous close of Rs. 662.15. During the trading session, the shares hit a high of Rs. 685, gaining around 3 percent and closed the day at Rs. 677 apiece.
Looking at the company’s financial statements, the revenue decreased by around 7 percent from Rs. 697 crores during the December quarter to Rs. 649 crores in the March quarter. On the other hand, the net profits declined by around 55 percent from Rs. 33 crores to Rs. 15 crores during the same period.
The Foreign Institutional Investors (FIIs) raised their ownership in the company by 4.71 per cent, climbing from 2.31 percent in the March quarter to 7.02 percent in the June quarter.
Moreover, Domestic Institutional Investors (DIIs) increased their stake by 5.92 per cent, increasing from 4.53 percent to 10.45 percent over the same period.
Written By Vaibhav Patil
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