Domestic Institutional Investors (DIIs) represent entities like mutual funds, insurance companies, and pension funds operating within a country’s financial market. They play a crucial role in stabilizing markets, providing liquidity, and channeling investments into various sectors. DIIs’ actions often influence market sentiment and contribute significantly to the overall investment landscape.
Here are stocks in which DII increased their stake up to 3.17 % in Q4FY24 from Q3FY24;
Man Industries (India) Ltd
Man Industries Ltd. is a leading manufacturer and exporter of LSAW and HSAW pipes in India, having a total installed capacity of 1 million tons. With over three decades of experience, the firm is a leading maker of big-diameter pipes in the industry.
With a market capitalization of Rs 2,450.23 crore, the shares were trading at Rs 378.50 per share, decreasing around 1.11 percent as compared to the previous closing price.
Ace investor Ashish Kacholia holds 1,362,395 shares, i.e. equivalent to 2.1 percent of the company as of March 2024.
The domestic institutional investors of the company increased their stake by 2.67%, from 0.64% in Q3FY24 to 3.31% in Q4FY24. Additionally, 48.90% is owned by retail investors, 1.64% is held by foreign institutional investors, and 46.15% is owned by promoters.
The company’s revenue stood at Rs 833 crore in Q3FY24, during the same time frame, net profit stood at Rs 31 crore.
Sanjivani Paranteral Ltd
Sanjivani Paranteral Limited manufactures medicinal goods. Its product category comprises antibiotic, anti-emetic, non-steroidal anti-inflammatory medicines (NSAID) and analgesic, antimalarial, calcium and vitamin, sedative, steroid, cardiovascular, and anti-fibrinolytic, among others.
With a market capitalization of Rs 216.16 crore, the shares were trading at Rs 185.00 per share, increasing around 1 percent as compared to the previous closing price.
Ace investor Ashish Kacholia holds 370,000 shares, i.e. equivalent to 3.17 percent of the company as of March 2024.
The domestic institutional investors of the company increased their stake by 3.7%, from 6.01% in Q3FY24 to 9.71% in Q4FY24. Additionally, 62.62% is owned by retail investors, and 27.67% is owned by promoters.
The company’s revenue stood at Rs 14.96 crore in Q3FY24, during the same time frame, net profit stood at Rs 1.65 crore.
Stove Kraft Ltd
StoveKraft Ltd provides a comprehensive range of kitchen solutions under the Pigeon and Gilma brands, and it is the sole partner for BLACK + DECKER kitchen appliances. Cookware and culinary equipment are among the offerings, while residential solutions include a variety of domestic utilities such as freshly released LED lamps and oxymeters.
With a market capitalization of Rs 1,496.25 crore, the shares were trading at Rs 452.70 per share, decreasing around 0.42 percent as compared to the previous closing price.
Ace investor Ashish Kacholia holds 576,916 shares, i.e. equivalent to 1.8 percent of the company as of March 2024.
The domestic institutional investors of the company increased their stake by 0.42%, from 3.02% in Q3FY24 to 3.44% in Q4FY24. Additionally, 39.92% is owned by retail investors, 0.78% is held by foreign institutional investors, and 55.88% is owned by promoters.
The company’s revenue stood at Rs 361.59 crore in Q3FY24, during the same time frame, net profit stood at Rs 6.76 crore.
Written by:- Abhishek Singh
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