Many investors pay close attention towards mutual funds investments in the stock market,since they invest large sums that might influence stock price movements.
Moreover it’s difficult for retail investors to discover all relevant information about a firm, they tend to follow the activities of institutional money, particularly mutual funds, to make investment selections. These institutions invest in equities after doing extensive research, ensuring the accuracy of their findings.
Here are three firms where Mutual Fund Holdings grew by up to 9% in Q1FY23-24 compared versus Q4 FY 22-23.
Orchid Pharma Ltd.
Orchid Pharma is a pharmaceutical company engaged in the development and manufacture of active pharmaceutical ingredients and finished dosage forms.
Mutual funds increased their stake in the company by 7.33 percent,i.e., from 2.45 percent in Q4FY 22-23 to 9.78 percent in Q1 FY23-24.As of the June quarter of FY 23-24, the promoters held 72.4 percent of the firm, while foreign investors held 8.58 percent.
In the previous six months, the stock has increased by 27%, and in the last year, it has increased by 41%.
Profitability ratios improved over the years, net profit margin of the company stands at 7.27 percent and operating margin at 7.24 percent.
CMS Info Systems Limited
CMS Info Systems Limited is India’s largest cash management firm in terms of ATM and retail pick-up locations.The firm installs, maintains, and manages assets and technological solutions for banks and financial institutions on an outsourced basis.
Mutual funds increased their stake in the company by 9.07 percent,i.e., from 9.94 percent in Q4FY 22-23 to 19.01 percent in Q1 FY23-24.As of the June quarter of FY 23-24, the promoters held 46.48 percent of the firm, while foreign investors held 15.27 percent.
In the previous six months, the stock has increased by 27%, and in the last year, it has increased by 41%.
Profitability ratios have risen over time, with the company’s net profit margin at 16.16 percent and operating margin at 22.54 percent.
Sansera Engineering Ltd
Sansera Engineering Ltd manufactures and distributes a comprehensive range of precision forged and machined components for various segments, as well as precision components for aerospace, off-road, agriculture, and other industries.
Mutual funds increased their stake in the company by 6.51 percent, i.e., from 11.39 percent in Q4FY 22-23 to 17.9 percent in Q1 FY23-24.As of the June quarter of FY 23-24, the promoters held 35.23 percent of the firm, while foreign investors held 30.34 percent.
In the last six months stock has gained 26 percent and in the last one year stock has risen by 29 percent.
Profitability ratios have risen over time, with the company’s net profit margin at 7.27 percent and its operating margin at 7.24 percent.
Written by Omkar Chitnis
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