The investment records of Foreign Institutional Investors (FIIs) are often tracked by various analysts thereby boosting the confidence of the retail investors as a whole.
Listed below are four stocks under the ‘Oil & Gas’ sector in which FIIs increased their stake by up to 12.82 percent in Q3FY24:
Indian Oil Corporation Limited
With a market capitalization of Rs 2.44 lakh crores, the stocks of Indian Oil Corporation Limited, a Maharatna Company having a leadership position in the Oil refining & petroleum marketing sector of India, are currently trading at Rs 173, slipping 0.50 percent as compared to the previous close of Rs 173.85 apiece.
Having a look at the latest shareholding data, the Foreign Institutional Investors (FIIs) increased their stake in the company by 1 percent, i.e., from 7.84 percent holding during the September 2023 quarter to 8.84 percent holding during the December 2023 quarter.
Keeping a purview of one year, the company’s stock delivered multibagger returns of 120 percent to its stakeholders, i.e., if someone had invested Rs 1 lakh into the stock a year ago, it would have converted to Rs 2.20 lakhs.
Mangalore Refinery and Petrochemicals Limited
With a market capitalization of Rs 33,509.69 crores, the stocks of Mangalore Refinery and Petrochemicals Limited, engaged in the business of refining crude oil, petrochemical business, etc, are currently trading at Rs 191.20, slipping around 3 percent as compared to the previous close of Rs 196.80 apiece.
Having a look at the latest shareholding data, the Foreign Institutional Investors (FIIs) increased their stake in the company by 1.01 percent, i.e., from 1.54 percent holding during the September 2023 quarter to 2.55 percent holding during the December 2023 quarter.
Keeping a purview of one year, the company’s stock delivered multibagger returns of 255 percent to its stakeholders, i.e., if someone had invested Rs 1 lakh into the stock a year ago, it would have converted to Rs 3.55 lakhs.
Chennai Petroleum Corporation Limited
With a market capitalization of Rs 13,640.28 crores, the stocks of Chennai Petroleum Corporation Limited, engaged in the business of refining crude oil to produce & supply various petroleum products, are currently trading at Rs 916, slipping around 2 percent as compared to the previous close of Rs 932.40 apiece.
Having a look at the latest shareholding data, the Foreign Institutional Investors (FIIs) increased their stake in the company by 3.33 percent, i.e., from 11.37 percent holding during the September 2023 quarter to 14.70 percent holding during the December 2023 quarter.
Keeping a purview of one year, the company’s stock delivered multibagger returns of 284 percent to its stakeholders, i.e., if someone had invested Rs 1 lakh into the stock a year ago, it would have converted to Rs 3.84 lakhs.
Dolphin Offshore Enterprises (India) Limited
With a market capitalization of Rs 822.69 crores, the stocks of Dolphin Offshore Enterprises (India) Limited, providing services to the offshore oil and gas industry, trades at Rs 205.65, a flat movement compared to the previous close of the same share price levels.
Having a look at the latest shareholding data, the Foreign Institutional Investors (FIIs) increased their stake in the company by 12.82 percent, i.e., from a ‘nil’ stake during the September 2023 quarter to 12.82 percent holding during the December 2023 quarter.
Keeping a purview of one year, the company’s stock delivered whopping returns of 1,700 percent to its stakeholders, i.e., if someone had invested Rs 1 lakh into the stock a year ago, it would have converted to Rs 18 lakhs.
Written by Amit Madnani
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