Foreign Institutional Investors are a kind of investors who invest their money in an asset outside their official country. These types of investors are an active part of the market and their choices of investment hold a significant value. FIIs in India can invest in both primary and secondary markets which contain listed, unlisted, and to-be-listed equity shares.
AU Small Finance Bank Limited
The share prices of AU Small Finance Bank Limited closed 1.5% higher at Rs 742 on Thursday’s session. The stock has gained 22.27% in the last six months and 12.76% in one year.
As per the shareholding pattern, FII holdings increased by 19.4% this year. In June 2022, the holdings stood at 34.81% which increased to 41.58% in June 2023.
It is a private bank in India with a market capitalization of Rs. 48,634 crore. The company has a revenue of Rs. 2,773.34 crore and a net profit of Rs. Rs. 368.9 crore in Q1FY24.
AU Small Finance Bank is known to be the one of the smallest banks in India offering finance- related services which is inclusive of all kinds of banking services and products such as debit cards, fixed deposits, credit cards, insurance plans and others.
PB Fintech Limited
Shares of PB Fintech closed 1% higher at Rs 750 levels. In the last six months, shares have rallied by 37%, and 46.62% in the last year. The FIIs have increased their holding from 14.08% in June 2022 to 44.17% in June 2023.
As per their financial statements, the company has a market cap of Rs. 32,284 crore at present. Revenue and net profit for Q1FY24 are Rs. 665.59 crore and Rs. -11.42 crore.
PB Fintech Limited acts as an online platform for insurance and other financial lending products and services. It connects e- commerce with customers and facilitates them in better reach. The company provides online marketing, consultancy and technology services to both the parties.
Max Financial Services Limited
Max Financial Services Limited shares closed 3% higher at Rs 909 levels. The stock rose 27.09% in the last six months and 8.75% in the last year. FII holdings increased from 23.76% in the same quarter previous year to 48.76% in June 2023.
It has a market capitalization of Rs. 30,516 crore. For Q1FY24, Max has a revenue of Rs. 9168.12 crore and a net profit of Rs. 87.67 crore.
Max Financial Services Limited comes under Max Group of India. Max FS deals with investments,insurance and management advisory services. It also has a joint venture named Max Life Insurance Company with Axis Bank Limited.
360 One Wam Limited
Shares of 360 One closed 0.07% higher at Rs. 513 levels. In the last six months, the stock price escalated 15.4% and 24% in the past year. FII holdings in the company from 22.36% in June 2022 to current 63.93% in June 2023.
It has a market capitalization of Rs. 18,100 crore. The financial figures in the company have arrived in green this quarter. Its revenue stands at Rs. 558.96 crore and net profit for Q1FY24 is Rs. 183.76 crore.
360 One Wam Limited, previously known as IIFL Wealth & Asset Management is an Indian asset management firm with over US$ 40 billion in assets under management. Their main focus is to advise their clients on managing their wealth, assets, and legacies.
Written by Bhumika Khandelwal
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