FIIs impact the Indian Stock markets in a considerable manner. When FIIs invest in the stock markets, the share price of the companies increases and vice versa. These investors account for a huge chunk of liquidity in the stock market.
Here is a list of five companies in which FIIs have increased their shareholding in the recent quarter:
Kiri Industries Limited
FIIs have increased their stake by 14.7% in the company. Kiri Industries is one of the largest manufacturers and exporters of a wide range of dyes, intermediates and chemicals from India. The share price of the company has increased by 26.46% in the past year and the shares are currently trading at 512.85 apiece.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd
FIIs have increased their stake by 5.1% in this company. GNFC was set up in 1982 as a fertilizer manufacturing and marketing company. Eventually, it moved on to become one of the world’s largest single-stream ammonia-urea fertilizer complexes. The share price of the company increased by 178.29% in the past year, giving multibagger returns to its investors. They are currently trading at ₹ 848 levels.
MOIL Limited
This miniratna ore mining company has a market share of 50% and is the largest producer of manganese ore in India. It has been ranked #486 among the top 500 companies in India and 9th in the mines and metals sector of the Fortune India 500 list for 2011. FIIs have increased their stake by 3.7% in this company. The share price of the company has increased by 22.57% in a year and they are currently trading at ₹182 levels.
Dwarikesh Sugar Industries Ltd
FIIs have increased their holding by 3.6% in this sugar company. The shares of the company are currently trading at ₹140 apiece and its share price has increased by 332.71% in the last year. Dwarikesh Sugar Industries Ltd. is a market leader in the Indian sugar industry. It produces allied products like ethanol, and alcohol as well.
KEI Industries Ltd
FIIs have increased their stake by 3.4% in the company. From humble beginnings in 1968, the company has grown into an empire with a global presence. It offers holistic wire and cable solutions. The share price of the company increased by 142.31% in the last year, giving multibagger returns. The shares are currently trading at 1193.35 levels today.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
