Monopoly stocks refer to stocks of companies that operate in a market with very little or no competition. These companies have significant market power due to high entry barriers and the presence of just a single seller.
Listed below are three monopoly stocks in which DIIs increased their stake in Q3FY24, i.e., during the quarter ended December 2023:
Indian Railway Catering & Tourism Corporation Limited
With a market capitalization of Rs 77,404 crores, the stocks of Indian Railway Catering & Tourism Corporation Limited (IRCTC) closed at Rs 967.5 on Friday, gaining approximately 0.50 percent as compared to the previous closing levels of Rs 963 apiece.
The company enjoys a monopoly status by holding the exclusive authority by ‘Indian Railways’ for catering services, online ticketing, and packaged drinking water on trains and at railway stations across the country.
As per the latest shareholding data for the quarter ended December 2023, the Domestic Institutional Investors (DIIs) increased their take in the company by around 1.45 percent, i.e., from holding of 10.53 percent during the September 2023 quarter to holding of 11.98 percent during the December 2023 quarter.
Dreamfolks Services Limited
With a market capitalization of Rs 2,915.10 crores, the stocks of Dreamfolks Services Limited closed at Rs 549.75 on Friday, slipping approximately 0.40 percent as compared to the previous closing levels of Rs 551.60 apiece.
The company enjoys a monopoly status by being India’s largest airport service aggregator platform and an incubator of the industry with its unique & capital efficient business model.
As per the latest shareholding data for the quarter ended December 2023, the Domestic Institutional Investors (DIIs) increased their take in the company by around 3.11 percent, i.e., from holding of 6.12 percent during the September 2023 quarter to holding of 9.23 percent during the December 2023 quarter.
Indian Energy Exchange Limited
With a market capitalization of Rs 13,129.56 crores, the stocks of Indian Energy Exchange Limited (IEX) closed at Rs 146.10 on Friday, slipping approximately 0.10 percent as compared to the previous closing levels of Rs 146.20 apiece.
The company enjoys a monopoly status by having a presence of the maximum number of transactions for trading electricity making it the dominant online marketplace where traders can trade in energy.
As per the latest shareholding data for the quarter ended December 2023, the Domestic Institutional Investors (DIIs) increased their take in the company by around 3.73 percent, i.e., from holding of 22.61 percent during the September 2023 quarter to holding of 26.34 percent during the December 2023 quarter.
Written by Amit Madnani
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