Increased FII stakes in mid-cap companies enhance their credibility and visibility, attracting more domestic investors. This influx of capital supports business expansion and growth initiatives. Additionally, it creates price stability and aligns with positive sectoral trends, ultimately positioning these firms for improved performance.
Here are three such mid-cap stocks in which Foreign Investors have increased their stake in Q2:
With a market capitalization of Rs.62,806 crores, Patanjali Foods Ltd’s share price is currently trading at Rs.1,745.00 per share on Thursday, down 1.1 percent from its previous close.
FIIs increased their stake in Patanjali Foods to 14.39 percent in Q2 FY25 from 10.30 percent in Q1 FY25. The increase of 4.09 percent will benefit the company to gain attention from other investors.
In Q2 FY25, the company reported a 7.5 percent year-over-year decline in revenue, totaling Rs.7,173 crore. However, net profits surged by 200 percent to Rs.263 crore during the same period.
Patanjali Foods Ltd, formerly known as Ruchi Soya Industries Ltd, is an Indian multinational company specialising in the processing of oil seeds and the production of edible oils and food products.
Cholamandalam Financial Holdings Ltd
With a market capitalization of Rs.37,328 crores, Cholamandalam Financial Holdings Ltd’s share price is currently trading at Rs.1,474.45 per share on Thursday, down 0.7 percent from its previous close.
FIIs increased their stake in Cholamandalam Financial Holdings to 16.28 percent in Q2 FY25 from 13.73 percent in Q1 FY25. The increase of 2.55 percent will reflect a positive outlook on the company’s future performance.
In Q1 FY25, the company reported a 36 percent year-over-year incline in revenue, totaling Rs.7,633 crore and net profits surged by 46 percent to Rs.1,160 crore during the same period.
Cholamandalam Financial Holdings Ltd (CFHL), part of the Murugappa Group, is a Core Investment Company registered with the RBI, offering a variety of financial products and services to both individual and corporate clients.
Inox Wind Ltd
With a market capitalization of Rs.28,696 crores, Inox Wind Ltd’s share price is currently trading at Rs.216.50 per share on Thursday, falling around 1.41 percent from its previous close.
FIIs increased their stake in Inox Wind to 15.82 percent in Q2 FY25 from 13.37 percent in Q1 FY25. The increase of 2.45 percent will reflect a positive outlook on the company’s future performance and investor interest.
In Q1 FY25, the company experienced an 83 percent year-over-year increase in revenue, reaching Rs.639 crore. Additionally, net profits transitioned from a loss to a profit of Rs.50 crore during the same period.
Inox Wind Ltd, part of the Inox Group, specialises in manufacturing Wind Turbine Generators (WTGs) and offers comprehensive wind energy solutions, including project development and maintenance services.
Written by – Siddesh S Raskar
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