Having Foreign Institutions involved in the shareholding patterns builds the confidence of the retail segment in the markets.
Listed below are three stocks with huge stakes owned by Foreign Institutional Investors (FIIs) and currently trading at a discount of up to 32 percent from their 52-week high levels:
IRB Infrastructure Developers Limited
With a market capitalization of Rs 16,957.51 crores, the stocks of IRB Infrastructure Developers Limited are currently trading at Rs 28.09 gaining around 3.30 percent as compared to the previous closing price of Rs 27.20 apiece.
Having a look at the shareholding pattern of the company, the company’s Promoters hold a 34.21 percent stake, and the FIIs hold a 48.37 percent stake in the company.
The company’s stock hit its 52-week high level at a price of Rs 35 in February 2023, and, the current price levels show a discount of around 20 percent compared to the same levels.
UPL Limited
With a market capitalization of Rs 45,017.56 crores, the stocks of UPL Limited are currently trading at Rs 589.20, gaining around 0.60 percent as compared to the previous closing price of Rs 585.60 apiece.
Looking at the company’s shareholding pattern, the company’s Promoters hold a 32.35 percent stake, and the FIIs hold a 37.95 percent stake in the company.
The company’s stock hit its 52-week high level at a price of Rs 807 in December 2022, and, the current price levels show a discount of around 27 percent compared to the same levels.
Aavas Financiers Limited
With a market capitalization of Rs 12,593.61 crores, the stocks of Aavas Financiers Limited are currently trading at Rs 1,592.40, gaining around 0.40 percent as compared to the previous closing price of Rs 1,586.20 apiece.
Having a look at the shareholding pattern of the company, the company’s Promoters hold a 39.13 percent stake, and the FIIs hold a 34.96 percent stake in the company.
The company’s stock hit its 52-week high level at a price of Rs 2,339.9 in September 2022, and, the current price levels show a discount of around 32 percent compared to the same levels.
Written by Amit Madnani
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