Individual investors actively monitor mutual fund house investments because they invest in substantial quantities that might affect stock price movements. Furthermore, it is difficult for retail investors to find all relevant information about a company, Based on Mutual fund investment decisions that help individual investors make informed decisions before investing in any stocks
Here are three FMCG companies where Mutual Fund Holdings grew up to 3% in Q1FY23-24 compared to Q4 FY 22-23.
Dodla Dairy Ltd
Dodla Dairy Ltd shares were trading at Rs 748.25 per share on Wednesday, up 0.30 percent from the previous close.
Mutual funds increased their stake in the company by 1.68 percent,i.e., from 14.23 percent in Q4FY 22-23 to 15.91 percent in Q1 FY 23-24. As of the June quarter of FY 23-24, the promoters held 62.21 percent of the firm, while foreign investors held 8.36 percent.
In the previous six months, the stock has increased by 52 percent, and in the last year, it has increased by 46 percent.
Profitability ratios improved over the years, with return on equity at 13.52 percent and return on capital employed at 16.8 percent.
Dodla Dairy Limited is an integrated dairy company. The majority of the company’s revenue is earned through the sale of milk and dairy-based products.
Bikaji Foods International Ltd
Bikaji Foods International Ltd shares were trading at Rs 484.05 per share on Wednesday, down 1.11 percent from the previous close.
Mutual funds improved their position in the firm by 1.52 percent, from 6.74 percent in Q4FY22-23 to 8.26 percent in Q1FY23-24. The promoters owned 75.37 percent of the company as of the June quarter of FY 23-24, while foreign investors owned 5.46 percent.
In the preceding six months, the stock climbed by 30 percent, and in the previous year, it increased by 54 percent.
Bikaji Foods Profitability ratios have improved over time, with a return on equity at 13.36 percent and a return on capital employed at 17.67 percent.
Bikaji is a leading FMCG brand in India and abroad with its core product line of Bhujia, Namkeen, Papad, Snacks, and Sweets.
Mrs. Bectors Food Specialities Ltd.
Mrs. Bectors Food Specialities Ltd shares were trading at Rs 1,029.40 per share on Wednesday, up 0.90 percent from the previous close price and the company has a market capitalization of Rs 6,054 crores.
Mutual funds increased their stake in the company by 3.06 percent,i.e., from 12.88 percent in Q4FY 22-23 to 15.94 percent in Q1 FY 23-24. As of the June quarter of FY 23-24, the promoters held 51.16 percent of the firm, while foreign investors held 7.57 percent.
In the previous six months, the stock has increased by 30 percent, and in the last year, it has increased by 54 percent.
The company’s Profitability ratios have risen, with return on equity at 14.95 percent and return on capital employed at 18.19 percent.
The company manufactures a wide range of products such as biscuits, breads, and buns.
Written by Omkar Chitnis
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
