In the latest quarter, FIIs invested $2.5 billion in the banking industry, greatly boosting it. Increased investment in the industry reflects rising trust in its stability and development potential, resulting in higher stock prices and improved market sentiment.
Here are the PSU stocks in which FII increased its stake in Q1FY25.
NHPC Ltd
NHPC, a Mini Ratna category I public sector utility, is the government of India’s flagship hydroelectric generation company. Its primary business is to generate and sell bulk power to various power utilities, but it also offers project management, construction contracts, consultancy assignment services, and power trading.
With a market capitalization of Rs 1.07 lakh crore, the shares were trading at Rs 107.70 per share, decreasing around 0.60 percent as compared to the previous closing price.
The foreign institutional investors of the company increased their stake by 2.16%, from 6.80% in Q4FY24 to 8.96% in Q1FY25. Additionally, 12.08% is owned by retail investors, 10.27% is held by domestic institutional investors, and 67.40% is owned by promoters.
The company’s revenue stood at Rs 1,888 crore in Q4FY24, during the same time frame, net profit stood at Rs 611 crore.
National Aluminium Company Ltd
National Aluminium Company Limited, based in India, primarily manufactures and sells alumina and aluminum. The company is divided into two segments: chemical and aluminum. The chemical segment includes calcined alumina, alumina hydrate, and other related products.
With a market capitalization of Rs 34,620.51 crore, the shares were trading at Rs 188.50 per share, decreasing around 2 percent as compared to the previous closing price.
The foreign institutional investors of the company increased their stake by 1.44%, from 8.99% in Q4FY24 to 10.43% in Q1FY25. Additionally, 19.16% is owned by retail investors, 19.12% is held by domestic institutional investors, and 51.28% is owned by promoters.
The company’s revenue stood at Rs 3,579 crore in Q4FY24, during the same time frame, net profit stood at Rs 1,016 crore.
Cochin Shipyard Ltd
Cochin Shipyard Limited(CSL) is a leading player in the construction of all kinds of vessels, repairs, and refits of all types of vessels including periodic upgradation and life extension of ships. CSL has built & repaired some of the largest ships for its esteemed customers across the globe. It has exported some 45 ships to various clients outside India.
With a market capitalization of Rs 68,690.39 crore, the shares were trading at Rs 2,611.00 per share, decreasing around 0.42 percent as compared to the previous closing price.
The foreign institutional investors of the company increased their stake by 1.12%, from 4.11% in Q4FY24 to 5.23% in Q1FY25. Additionally, 19.47% is owned by retail investors, 2.45% is held by domestic institutional investors, and 72.86% is owned by promoters.
The company’s revenue stood at Rs 1,225 crore in Q4FY24, during the same time frame, net profit stood at Rs 265 crore.
Written by:- Abhishek Singh
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