High Foreign Institutional Investor (FII) holding in penny stocks is often seen as positive because it indicates confidence from institutional investors in the stock’s potential for growth and stability. This backing can attract more retail investors, potentially driving up the stock’s value and liquidity.
Here are four such penny stocks with high FII holdings:
Stratmont Industries Limited
Stratmont Industries Limited primarily manufactures and trades low ash metallurgical (LAM) coke, with a production capacity of 36,000 metric tons per year at its Bhachau facility in Gujarat.
With a market capitalization of Rs.236 crore, the company’s share price closed at Rs.82.9 per share on Tuesday, up 2 percent from its previous close.
As of the quarter ended June 2024, Foreign Institutional Investors hold 28.07 percent of Stratmont Industries Limited’s total shareholding.
In Q1 FY25, the company reported an 184.3 percent year-on-year increase in revenue, reaching Rs.5.43 crore compared to Rs.1.91 crore in Q1 FY24. Profit after tax increased by 38.5 percent to Rs.0.36 crore, up from Rs.0.26 crore in the same period.
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Orchasp Limited
Orchasp Limited specializes in software development, web services, and IT consultancy, offering products like hospital management software and industry-specific applications, with a focus on innovative technology solutions.
With a market capitalization of Rs.54 crore, the company’s share price closed at Rs.3.09 per share on Tuesday, reflecting a 1.31 percent increase from its previous close.
As of the quarter ended June 2024, Foreign Institutional Investors hold 5.71 percent of Orchasp Limited’s total shareholding.
In Q1 FY25, the company reported a 14.85 percent year-on-year increase in revenue, reaching Rs.3.48 crore compared to Rs.3.03 crore in Q1 FY24. However, profit after tax declined by 8 percent to Rs.0.23 crore, down from Rs.0.25 crore in the same period.
LKP Securities Limited
LKP Securities Limited is a prominent financial services provider in India, offering a wide range of investment solutions across various asset classes including equities, derivatives, and commodities.
With a market capitalization of Rs.175 crore, the share price of the company closed at Rs.22.07 per share on Tuesday, falling 2.26 percent from its previous close.
As of the quarter ended June 2024, Foreign Institutional Investors hold 3.93 percent of the total shareholding in LKP Securities Ltd.
In Q1 FY25, the company reported a 67.7 percent year-on-year increase in revenue, rising to Rs.30.47 crore from Rs.18.17 crore in Q1 FY24. The profit after tax surged by 188.7 percent to Rs.4.1 crore, up from Rs.1.42 crore in the same period.
Digidrive Distributors Limited
Digidrive Distributors Limited, a part of the RP Sanjiv Goenka Group, serves as a master distributor for retail products across digital marketplaces, with a focus on items like the Carvaan digital music player.
With a market capitalization of Rs.189 crore, the share price of the company closed at Rs.48.65 per share on Tuesday, falling 2.45 percent from its previous close.
Also read: Penny stocks with high FII holding of up to 28% to keep an eye on
As of the quarter ended June 2024, Foreign Institutional Investors hold 3.62 percent of the total shareholding in Digidrive Distributors Limited.
In Q1 FY25, the company reported a 31.4 percent year-on-year increase in revenue, rising to Rs.13.86 crore from Rs.10.55 crore in Q1 FY24. The profit after tax surged by 172 percent to Rs.1.36 crore, up from Rs.0.5 crore in the same period.
Written by – Siddesh S Raskar
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