Foreign Institutional Investors (FIIs) are those who actively participate in the financial markets of countries other than their own.FIIs aggregate money from various investors and other entities and then invest it in different financial assets.
Whenever foreign investors like Goldman Sachs, Morgan Stanley, HSBC, and others buy or sell the shares of Indian companies, their stock price makes a significant move.
Listed below are the stocks in which FIIs have bought fresh stakes in the companies:
Optiemus Infracom Ltd
The shares of the telecom company started Wednesday’s trading session flat at Rs. 314.70 compared to its previous close at Rs. 312.45. The share hit a high of Rs.316 making a gain of around 1 percent and currently trading around 313 apiece.
Looking at the company’s financials, the revenue decreased marginally by 2 percent from Rs. 281 crores during Q1 FY24 to Rs. 274 crores in Q2 FY24. In addition, the net profit declined by 42 percent from Rs. 9.39 crores to Rs. 5.39 crores during the same timeframe.
According to the BSE data, Foreign Institutional Investors (FIIs), bought a fresh stake in the company during Q2 FY24. The FIIs currently hold 38,168 equity shares equivalent to a 0.04 percent stake in this company.
Krishival Foods Ltd
The shares of the FMCG company started Wednesday’s trading session on a higher note at Rs. 275 compared to its previous close at Rs.270. Within a few minutes of the opening bell, the share hit a 5 percent upper circuit at Rs. 283.50.
Looking at the company’s financials, the revenue increased by 14 percent from Rs. 45.33 crores during H2 FY23 to Rs. 51.57 crores in H1FY24. In addition, the net profit increased by 18 percent from Rs. 4.27 crores to Rs. 5.03 crores during the same timeframe.
According to the BSE data, Foreign Institutional Investors (FIIs), bought a fresh stake in the company during Q2 FY24. The FIIs currently hold 25.74 lakh equity shares equivalent to an 11.55 percent stake in this company.
Written By Vaibhav Patil
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