Foreign Institutional Investors (FIIs) are institutional investors from outside the nation who invest in a certain country’s stock market. These FIIs purchase shares in large quantities, which promotes market efficiency, depth, and liquidity, as well as investor trust in the firm. FIIs are also regarded as market drivers. Furthermore, FII investments influence market sentiment. As a result, retail investors are always Vigilant of FII investments.
Here are three stocks under Rs 30 in which FIIs hold up to 15% stake
Nectar Lifesciences Ltd
Nectar Lifesciences Ltd. primarily develops, manufactures, and markets active pharmaceutical ingredients (APIs) and final dosage forms.
Nectar Lifesciences Ltd shares were trading at Rs 26.50 on Friday, up by 0.38 percent from the previous close price, with a market capitalization of Rs 594 crores.
As of the June quarter of FY 23-24, foreign institutional investors held 16 percent of the company’s stake, while promoters had 55.8 percent, and retail investors held 28.18 percent.
The company’s revenue declined by 2 percent year on year, from Rs 403 crore in Q1FY23 to Rs 394 crore in Q1FY24. During the same time period, Net Profit increased by 53 percent, rising from Rs 3.90 crore to Rs 1.82 crore.
Dhanlaxmi Bank Ltd
Dhanlaxmi Bank Ltd. is a publicly traded bank that offers a comprehensive variety of banking and financial services, including retail banking, corporate banking, and treasury operations, with a focus on the southern states.
Dhanlaxmi Bank Ltd shares closed at Rs 24 on Friday, up 0.21 percent from the previous close price, with a market capitalization of Rs 603 crores.
As of the June quarter of FY 23-24, foreign institutional investors held 10.97 percent of the company’s stake, while retail investors held 88.95 percent.
The company’s revenue climbed by 12 percent year on year, rising from Rs 258 crore in Q1FY23 to Rs 289 crore in Q1FY24. Within the same time period, net profit increased from a loss of Rs 26 crore to Rs 28 crore.
Vikas Ecotech Ltd.
Vikas Ecotech Limited is primarily engaged in the business of manufacturing Specialty Chemicals focused on Additives and Specialty Polymer Compounds.
Vikas Ecotech Ltd shares closed at Rs 3.05 on Friday and the company has a market capitalization of Rs 338 crores.
Foreign institutional investors held 15.18 percent of the firm as of the June quarter of FY 23-24, while promoters held 7.85 percent and retail investors held 76.98 percent.
The company’s revenue increased by 35 percent year on year, from Rs 88.69 crore in Q1FY23 to Rs 57.70 crore in Q1FY24. During the same time period, Net Profit increased from Rs 1.46 crore to Rs 1.55 crore.
Written by Omkar Chitnis
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