Domestic institutional investors (DIIs) are generally referred to as Institutions/Groups of investors who choose to invest in securities as well as financial assets within the residing country. The investment decisions of DIIs are impacted by both, economic and political trends.
Listed below are three multibagger stocks under the ‘mid-cap’ category wherein the DIIs hold more than 20 percent stake:
Cyient Limited
With a market capitalization of Rs 21,361.94 crores, the stocks of Cyient Limited, a Multinational technology company based in India focusing on engineering, data analytics, etc, opened their trading hour on Wednesday at Rs 1,899 and currently trades at Rs 1,928.60, gaining around 1.80 percent as compared to the previous closing levels of Rs 1,894.75 apiece.
Keeping a purview of one year, the company’s stock has successfully delivered multibagger returns of approximately 135 percent to its stakeholders, viz, if someone had invested Rs 1 lakh a year ago, it would have converted to Rs 2.35 lakhs.
Having a look at the shareholding pattern for the September 2023 quarter, the company’s Promoters hold a 23.2 percent stake. Moreover, the Domestic Institutional Investors (DIIs) hold a 21.57 percent stake.
Birlasoft Limited
With a market capitalization of Rs 17,362.72 crores, the stocks of Birlasoft Limited, engaged in computer programming, consultancy, and other related activities, opened their trading hour on Wednesday at Rs 612 and currently trades at Rs 630, gaining around 3 percent as compared to the previous closing levels of Rs 611.75 apiece.
Keeping a purview of one year, the company’s stock has successfully delivered multibagger returns of approximately 113 percent to its stakeholders, viz, if someone had invested Rs 1 lakh a year ago, it would have converted to Rs 2.13 lakhs.
Having a look at the shareholding pattern for the September 2023 quarter, the company’s Promoters hold a 40.97 percent stake. Moreover, the Domestic Institutional Investors (DIIs) hold a 22.4 percent stake.
Tata Motors Limited – DVR
With a market capitalization of Rs 24,077.61 crores, the stocks of Tata Motors Limited – DVR, one of the largest conglomerates based in India, opened their trading hour on
Wednesday at Rs 479.90 and currently trades at Rs 473.50, gaining around 0.90 percent as compared to the previous closing levels of Rs 469.35 apiece.
Keeping a purview of one year, the company’s stock has successfully delivered multibagger returns of approximately 104 percent to its stakeholders, viz, if someone had invested Rs 1 lakh a year ago, it would have converted to Rs 2.04 lakhs.
Having a look at the shareholding pattern for the September 2023 quarter, the company’s Promoters hold a 7.67 percent stake. Moreover, the Domestic Institutional Investors (DIIs) hold a 29.72 percent stake.
Written by Amit Madnani
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