Foreign Institutional Investors (FIIs) 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 Microcap stocks in which FIIs have increased their stake up to 13.14 percent during the recent quarter:
Tiger Logistics (India) Ltd
With a market capitalization of Rs. 550 crores, the shares of the logistics company started Monday’s trading session on a flatter note at Rs. 52.34 compared to its previous close of Rs. 51.31. During the trading session, the shares hit a high of Rs. 53, gaining around 2 percent and are currently trading at Rs. 51 apiece.
Looking at the company’s financial statements, the revenue decreased marginally by 3 percent from Rs. 53.58 crores during the September quarter to Rs. 51.95 crores in December. On a contrasting note, the net profits increased by 14 percent from Rs. 3.22 crores to Rs. 3.68 crores during the same period.
In the March quarter, Foreign Institutional Investors increased their stake by 0.83 percent from 7.36 percent to 8.19 percent. Concurrently, Promoters maintain a 57.10 percent stake, with the public holding the remaining 34.71 percent of the company’s shares during the same period.
Tiger Logistics India Ltd. is a third-party logistics services provider. Its business covers international freight forwarding, supply chain management, project logistics, defence logistics, and cold chain logistics.
Kaizen Agro Infrabuild Ltd
With a market capitalization of Rs. 39.5 crores, the shares of the company in the construction and land development business started Monday’s trading session on a higher note at Rs. 19.69, gaining around 3 percent compared to its previous close of Rs. 18.28 apiece and are currently trading at Rs. 18 apiece.
Looking at the company’s financial statements, the revenue decreased by 24 percent from Rs. 7.98 crores during the September quarter to Rs. 6.03 crores in December. On a contrasting note, the net profits showcased a transition from a net loss of Rs. 3 lakhs to a net profit of Rs. 50 lakhs during the same period.
In the March quarter, Foreign Institutional Investors acquired a new stake of 9.72 percent. Concurrently, Promoters maintain a 37.53 percent stake, with the public holding the remaining 52.75 percent of the company’s shares during the same period.
Kaizen Agro Infrabuild provides land development, construction services and other related services for civil and structural construction and infrastructure sector projects. These services are currently provided by the company through its third-party vendor contractors to whom it subcontracts construction and other execution work related to projects.
Industrial Investment Trust Ltd
With a market capitalization of Rs. 421 crores, the shares of this LIC-backed non-banking financial company started Monday’s trading session on a higher note at Rs. 193.90, gaining around 3 percent compared to its previous close of Rs. 185.50 apiece and are currently trading at Rs. 186.
Looking at the company’s financial statements, the revenue increased by 17 percent from Rs. 6 crores during the September quarter to Rs. 7 crores in December. In addition, the net profits magnified by 1,950 percent from Rs. 2 crores to Rs. 41 crores during the same period.
During the March quarter, Foreign Institutional Investors increased their holdings by 13.14 percent, rising from 3.72 percent to 16.86 percent. Meanwhile, Promoters retain a 48.10 percent stake, while the public holds 55.83 percent of the company’s shares during the same period, with DIIs possessing a 1.41 percent stake.
Industrial Investment Trust Ltd. (IITL) is an India-based non-banking financial company (NBFC) with its headquarters in Mumbai, Maharashtra. The company operates in three segments: investment activity, real estate, and others
Written By Vaibhav Patil
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