Foreign Institutional Investment (FII) includes hedge funds, insurance companies, pension funds, investment banks, and mutual funds that invest in a country outside of the one in which they are registered or headquartered. Such investors generally invest in growing economies like India, as they have a huge growth potential. They have a profound impact on the financial markets and the economy of a country.
Here are five multibagger stocks in which FIIs have increased their stake in the previous quarter:
Zen Technologies
Zen Technologies designs, develops and manufactures combat training solutions for the training of defence and security forces. FIIs increased their stake from 1.29 percent in the March quarter to 3.47 percent in the June quarter. The company’s shares were trading at ₹ 801.80 apiece and it has delivered multibagger returns of 331.31 percent in the past year.
Aurionpro Solutions
Aurionpro Solutions provides business solutions in the fields of transaction banking platforms, customer experience platforms, smart city and smart transportation experience and cybersecurity solutions. FIIs increased their stake from 1.89 percent in the March quarter to 2.90 percent in the June quarter. The company’s shares were trading at ₹ 1132.00 apiece and it has delivered multibagger returns of 252.59 percent in the past year.
Jindal Saw
Jindal Saw, the flagship company of PR Jindal group, is a leading global manufacturer and supplier of Iron & Steel pipes and pellets. FIIs increased their stake in the company from 14.94 percent in the March quarter to 15.92 percent in the June quarter. The company’s shares were trading at ₹ 337.95 apiece and it has delivered multibagger returns of 310.63 percent in the past year.
Titagarh Rail Systems
Titagarh Wagons manufactures and sells freight wagons, passenger coaches, metro trains, train electricals, steel castings, ships, specialised equipment and bridges. FIIs increased their stake in the company from 6.07 percent in the March quarter to 7.05 percent in the June quarter. The company’s shares were trading at ₹ 650.05 apiece and it has delivered multibagger returns of 375.70 percent in the past year, as per data available on the Bombay Stock Exchange (BSE).
Mrs Bectors Food Specialities
Mrs Bectors Food Specialities manufactures biscuits, bakery products, ice creams and bread under Mrs. Bector’s Cremica and Mrs. Bector’s English Oven brands.FIIs increased their stake in the company from 5.64 percent in the March quarter to 7.57 percent in the June quarter. The company’s shares were trading at ₹ 1010.00 apiece and it has delivered multibagger returns of 188.49 percent in the past year.
Written by Simran Bafna
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