An increase in the holdings by Institutional investors, due to comparatively large resources and depth of analysis, builds confidence for the retail investors and other potential investors to buy the stock.
Listed below are 4 stocks in which both, the Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) increased their stake in the March 2023 quarter:
Tata Motors Limited:
The company’s shares are currently trading at Rs 568, up around 1 percent as compared to the previous closing levels of Rs 562.20. It has a market capitalization of Rs 188,660 crores.
As per the latest shareholding data for the March 2023 quarter, the DIIs hold a stake of 17.69 percent, indicating an increase of 2.48 percent as compared to 15.21 percent of holdings in the previous quarter, i.e., the December 2022 quarter.
Moreover, the FIIs increased their stake from 13.89 percent during the quarter ending December 2022 to 15.34 percent in the quarter ending March 2023 indicating an increase of 1.45 percent.
Tata Motors is an automobile manufacturer company with segments including ‘Automotive’ and many others.
Samvardhana Motherson International Limited:
The company’s shares are currently trading at Rs 83.90, down 0.80 percent as compared to the previous closing levels of Rs 84.60. It has a market capitalization of Rs 56,820 crores.
As per the latest shareholding data for the March 2023 quarter, the DIIs hold a stake of 14.74 percent, indicating an increase of 2.79 percent as compared to 11.95 percent of holdings in the previous quarter, i.e., the December 2022 quarter.
Moreover, the FIIs increased their stake from 8.24 percent during the quarter ending December 2022 to 10.87 percent in the quarter ending March 2023 indicating an increase of 2.63 percent.
Samvardhana Motherson International is a globally diversified manufacturer providing full system solutions to customers in the automotive and many other industries.
Persistent Systems Limited:
The company’s shares are currently trading at Rs 4,916, down 2.50 percent as compared to the previous closing levels of Rs 5,040.20. It has a market capitalization of Rs 37,555 crores.
As per the latest shareholding data for the March 2023 quarter, the DIIs hold a stake of 27.60 percent, indicating an increase of 1.20 percent as compared to 26.40 percent of holdings in the previous quarter, i.e., the December 2022 quarter.
Moreover, the FIIs increased their stake from 20.29 percent during the quarter ending December 2022 to 20.55 percent in the quarter ending March 2023 indicating an increase of 0.26 percent.
Persistent Systems is a provider of software solutions based in India which is organized into three broad segments including Financial Services & Insurance, Healthcare & Life Science, and Technology services.
Sona BLW Precision Forgings Limited:
The company’s shares are currently trading at Rs 520, down 1.80 percent as compared to the previous closing levels of Rs 529.65. It has a market capitalization of Rs 30,465 crores.
As per the latest shareholding data for the March 2023 quarter, the DIIs hold a stake of 31.28 percent, indicating an increase of 6.91 percent as compared to 24.37 percent of holdings in the previous quarter, i.e., the December 2022 quarter.
Moreover, the FIIs increased their stake from 11.27 percent during the quarter ending December 2022 to 24.69 percent in the quarter ending March 2023 indicating an increase of 13.42 percent.
Sona BLW Precision Forgings is an automotive technology company in India that is primarily engaged in the process of manufacturing as well as supplying automotive components such as gears, etc.
Written by Amit Madnani
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