Foreign Institutional Investors (FIIs) increasing their holding stake in certain companies indicates a positive outlook on the company’s performance, management, and prospects, thereby leading to speculation of expected future growth and upcoming changes in the company.
Here are some of the stocks in which the Foreign Institutional Investors (FII)/Foreign Portfolio Investors (FPI) have increased their holding by upto 6.08 percent stake in Q4FY24.
Computer Age Management Services Limited
Computer Age Management Services Limited is engaged in providing investor services, distributor services, and asset management company services. It acts as a transfer agency for mutual funds, catering to Indian asset management firms. It is India’s largest registrar and transfer agent with an aggregate market share of 68.2 percent.
With a market capitalization of Rs. 15,000 Crores, the shares of Computer Age Management Services Limited closed at Rs. 3,052.50, up 1.86 percent from its previous day’s close price of Rs. 2,996.75.
In Q4FY24, the FII/FPI increased their holding in Computer Age Management Services Limited from 47.69 percent to 53.77 percent by purchasing an additional 6.08 percent stake.
Its revenue from operations grew by 15.45 percent from Rs. 233 Crores in Q3FY23 to Rs. 269 Crores in Q4FY24, accompanied by profits of Rs. 71 Crores to Rs. 86 Crores.
Interglobe Aviation
Interglobe Aviation Limited is engaged in the business of providing airline and allied services such as passenger flights, in-flight services, cargo services, and many more under the brand name IndiGo.
With a market capitalization of Rs. 1,466,538 Crores, the shares of Interglobe Aviation Limited closed at Rs. 3,796.55, up 4.54 percent from its previous day’s close price of Rs. 3,631.65.
In Q4FY24, the FII/FPI increased their holding in Interglobe Aviation Limited from 18.70 percent to 23.66 percent by purchasing an additional 4.96 percent stake.
Its revenue from operations grew by 30.26 percent from Rs. 14,933 Crores in Q3FY23 to Rs. 19,452 Crores in Q3FY24, accompanied by profits of Rs. 1,418 Crores to Rs. 2,998 Crores.
Mankind Pharma
Mankind Pharma Limited is one of the leading players in the pharmaceutical industry, it is engaged in developing, manufacturing, and selling a diverse range of markets pharmaceutical formulations across various acute, and chronic therapeutic areas and several consumer healthcare products.
With a market capitalization of Rs. 94,987 Crores, the shares of Mankind Pharma Limited closed at Rs. 2,367.70, up 0.21 percent from its previous day’s close price of Rs. 2,362.70.
In Q4FY24, the FII/FPI increased their holding in Mankind Pharma Limited from 6.74 percent to 9.87 percent by purchasing an additional 3.13 percent stake.
Its revenue from operations grew by 21.84 percent from Rs. 1,936 Crores in Q3FY23 to Rs. 2,359 Crores in Q3FY24, accompanied by profits of Rs. 249 Crores to Rs. 487 Crores.
Usha Martin
Usha Martin Limited is engaged in the manufacturing and sale of steel wires, strands, wire ropes, cords, related accessories, and many more. It is also involved in the sale of other products such as wire drawing and allied machines
With a market capitalization of Rs. 10,348 Crores, the shares of Usha Martin Limited closed at Rs. 339.55, down 0.50 percent from its previous day’s close price of Rs. 341.20.
In Q4FY24, the FII/FPI increased their holding in Usha Martin Limited from 12.94 percent to 14.78 percent by purchasing an additional 1.84 percent stake.
Its revenue from operations declined by 4.43 percent from Rs. 834 Crores in Q3FY23 to Rs. 797 Crores in Q3FY24, accompanied by profits of Rs. 84 Crores to Rs. 108 Crores.
Bharat Heavy Electricals
Bharat Heavy Electricals Limited (BHEL) is Maharatna CPSE and one of the largest engineering and manufacturing companies in India engaged in the design, engineering, construction, testing, commissioning, and servicing of a wide range of products and services for the core sectors of the economy like power, transmission, renewable energy, industry, and many more.
With a market capitalization of Rs. 91,404 Crores, the shares of Bharat Heavy Electricals closed at Rs. 262.5, up 2.65 percent from its previous day’s close price of Rs. 255.75.
In Q4FY24, the FII/FPI increased their holding in Bharat Heavy Electricals Limited from 7.04 percent to 8.76 percent by purchasing an additional 1.72 percent stake.
Its revenue from operations grew by 4.57 percent from Rs. 5,263 Crores in Q3FY23 to Rs. 5,504 Crores in Q3FY24, accompanied by profits of Rs. 42 Crores to a loss of Rs. 149 Crores.
Written by: Bharath K.S
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