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Foreign Institutional Investors (FIIs) increasing their holding stake in certain companies indicates a positive outlook on the company’s performance, management, and prospects, thereby leading to speculation of expected future growth and upcoming changes in the company. 

Public Sector Undertakings (PSU) or Central Public Sector Enterprises (CPSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state/central governments. 

Here are some of the Listed Public Sector Undertakings in which the Foreign Institutional Investors (FII)/Foreign Portfolio Investors (FPI) have increased their holding by upto 2.78 percent stake in Q4FY24. 

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Union Bank of India 

Union Bank of India Limited is engaged in the Business of offering Banking Services, Government Business, Mutual Funds, Wealth Management services, Merchant Banking, Agency Business Insurance, and many more catering to all types of clients. 

With a market capitalization of Rs. 1,13,397 Crores, the shares of Union Bank of India Limited were trading at Rs. 148..55, up 1.12 percent from its previous day’s close price of Rs. 146.90. 

In Q4FY24, the FII/FPI increased their holding in Union Bank of India Limited from 3.97 percent to 6.75 percent by purchasing an additional 2.78 percent stake. 

Union Bank of India Limited has reported a Net Interest Margin of 3.08 percent and a CASA Ratio of 34.40 percent 

Its Total Income grew by 20.97 percent from Rs. 24,635.44 Crores in Q3FY23 to Rs. 29,801.98 Crores in Q3FY24, accompanied by increasing profits of Rs. 2,263.66 Crores to Rs. 3,610.40 Crores. 

NMDC 

NMDC Limited is a Navratna Central Public Sector Enterprise, which is India’s largest iron ore producer contributing around 16.07 percent of the total iron ore produced in India. It is involved in the exploration of a range of minerals like copper, rock phosphate, limestone, magnesite, diamond, tungsten, and many more. 

With a market capitalization of Rs. 69,220 Crores, the shares of NMDC Limited were trading at Rs. 237.55, up 1.30 percent from its previous day’s close price of Rs. 234.50. 

In Q4FY24, the FII/FPI increased their holding in NMDC Limited from 9.91 percent to 12.60 percent by purchasing an additional 2.69 percent stake. 

Its revenue from operations grew by 45.43 percent from Rs. 3,720 Crores in Q3FY23 to Rs. 5,410 Crores in Q3FY24, accompanied by profits of Rs. 914 Crores to Rs. 1,482 Crores. 

Bharat Petroleum Corporation 

Bharat Petroleum Corporation Limited is engaged in producing, refining, and distributing petroleum products, and provides fuel services, gas, lubricants, and many more 

With a market capitalization of Rs. 1,28,875 Crores, the shares of Bharat Petroleum Corporation Limited were trading at Rs. 594.10, up 0.19 percent from its previous day’s close price of Rs. 592.95. 

In Q4FY24, the FII/FPI increased their holding in Bharat Petroleum Corporation Limited from 14.21 percent to 16.79 percent by purchasing an additional 2.58 percent stake. 

Its revenue from operations declined by 3.8 percent from Rs. 1,19,170 Crores in Q3FY23 to Rs. 1,15,499 Crores in Q3FY24, accompanied by profits of Rs. 1,747 Crores to Rs. 3,181 Crores. 

Punjab National Bank 

Punjab National Bank is engaged offering Banking Services, Government Business, Mutual Funds, Wealth Management services, Merchant Banking, Agency Business Insurance, and many more catering to all types of clients. 

With a market capitalization of Rs. 1,46,942 Crores, the shares of Punjab National Bank Limited were trading at Rs. 133.45, up 0.49 percent from its previous day’s close price of Rs. 132.80.

In Q4FY24, the FII/FPI increased their holding in Punjab National Bank Limited from 3.10 percent to 4.82 percent by purchasing an additional 1.72 percent stake. 

Punjab National Bank Limited has reported a Net Interest Margin of 3.30 percent and a CASA Ratio of 42.47 percent 

Its Total Income grew by 16.81 percent from Rs. 26,133.53 Crores in Q3FY23 to Rs. 30,527.38 Crores in Q3FY24, accompanied by increasing profits of Rs. 660.06 Crores to Rs. 2,252.67 Crores. 

Bharat Heavy Electricals 

Bharat Heavy Electricals Limited (BHEL) is Maharatna CPSE and one of the largest engineering and manufacturing companies in India engaged in the design, engineering, construction, testing, commissioning, and servicing of a wide range of products and services for the core sectors of the economy like power, transmission, renewable energy, industry, and many more. 

With a market capitalization of Rs. 90,498 Crores, the shares of Bharat Heavy Electricals Limited were trading at Rs. 259.60, down 0.21 percent from its previous day’s close price of Rs. 260.15. 

In Q4FY24, the FII/FPI increased their holding in Bharat Heavy Electricals Limited from 7.04 percent to 8.76 percent by purchasing an additional 1.72 percent stake. 

Its revenue from operations grew by 4.57 percent from Rs. 5,263 Crores in Q3FY23 to Rs. 5,504 Crores in Q3FY24, accompanied by profits of Rs. 42 Crores to a loss of Rs. 149. 

Written by: Bharath K.S

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