The Indian railway sector in 2024 presents a compelling investment opportunity with the potential for growth and stability. With a vast network and historical significance, the Indian Railways is a crucial part of the country’s transportation system.
The sector is undergoing dynamic changes driven by government investments, technological advancements, and increasing demand.
Foreign Institutional Investors (FIIs) are those who actively participate in the financial markets of countries other than their own.FIIs aggregate money from various investors and other entities and then invest it in different financial assets.
Whenever foreign investors like Goldman Sachs, Morgan Stanley, HSBC, and others buy or sell the shares of Indian companies, their stock price makes a significant move.
Listed below are such Railway stocks in which FIIs have increased their stake during Q4FY24:
Indian Railway Catering & Tourism Corporation Ltd (IRCTC)
With a market capitalization of Rs. 83,100 crores, the shares of online railway tickets and catering services company started Tuesday’s trading session on a higher note at Rs. 1,050 compared to its previous close of Rs. 1,045.25. During the trading session, the shares hit a low of Rs. 1,034, losing around 1 percent and closed the day at 1,038.75 apiece.
Coming onto the company’s financial statements, the revenue increased by 12 percent from Rs. 995 crores during the September quarter to Rs. 1,118 crores in the December quarter. In addition, the net profits increased by 1.6 percent from Rs. 295 crores to Rs. 300 crores during the same period.
In the March quarter, Foreign Institutional Investors increased their stake by 0.74 percent from 7.34 percent to 8.08 percent. Concurrently, Promoters maintain a 62.40 percent stake, DIIs hold 12.72 percent of shares and the remaining 16.79 percent of stakes are with the Public.
Rites Ltd
With a market capitalization of Rs. 16,438 crores, the shares of the engineering and consultancy company started Tuesday’s trading session on a higher note at Rs. 705 compared to its previous close of Rs. 686.60. During the trading session, the stock hit a low of Rs. 679.10, losing around 1 percent and closed the day at Rs. 684 apiece.
Coming onto the company’s financial statements, the revenue increased by around 18 percent from Rs. 582 crores in the September quarter to Rs. 683 crores during the December quarter. On the other hand, the net profits zoomed by 17 percent from Rs. 110 crores to Rs. 129 crores during the same period.
During the Q4FY24, Foreign Institutional Investors (FIIs) increased their by 0.94 percent from 3.22 percent during Q3FY24 to 4.17 percent in Q4FY24. Further, Promoters maintain a significant stake of 72.20 percent, DIIs hold a considerable share of 11.09 percent and the remaining 12.53 percent is held by Retail Investors.
Jupiter Wagons Ltd
With a market capitalization of Rs. 16,840 crores, the shares of the railway wagon manufacturing company started Tuesday’s trading session on a higher note at Rs. 409 compared to its previous close of Rs. 407.80. During the trading session, the shares hit a high of Rs. 425, gaining around 2 percent and closed the day at Rs. 408.45 apiece.
Coming onto the company’s financial statements, the revenue increased by around 2 percent from Rs. 879 crores during the September quarter to Rs. 896 crores in the December quarter. On the other hand, the net profits decreased by 1.2 percent from Rs. 82 crores to Rs. 81 crores duirng the same timeframe.
According to the latest shareholding pattern, Foreign Institutional Investors (FIIs) increased their ownership by 1.02 percent, rising from 1.26 percent in December to 2.28 percent in March. Conversely, Promoters retain a significant majority stake of 70.12 percent, while Domestic Institutional Investors (DIIs) possess 1.92 percent. The remaining 25.68 percent of shares are held by the Public.
Texmaco Rail & Engineering Ltd
With a market capitalization of Rs. 7,280 crores, the shares of the engineering infrastructure company started Tuesday’s trading session on a flatter note at Rs. 184 compared to its previous close of Rs. 183.90. During the trading session, the shares hit a low of Rs. 181.60, losing 1 percent and closed the day at Rs. 182.25 apiece.
Looking at the company’s financial statements, the revenue increased by 11 percent from Rs. 805 crores during the September quarter to Rs. 896 crores in the December quarter. In addition, the net profits zoomed by 20 percent from Rs. 25 crores to Rs. 30 crores during the same period.
As per the shareholding pattern, Foreign Institutional Investors increased their stake by 1.47 percent from 9.57 percent during the December quarter to 11.04 percent during the March quarter. Concurrently, Promoters maintain a 48.14 percent stake, DIIs hold 8.27 percent of shares and the remaining 32.53 percent of stakes are with the Public.
Written By Vaibhav Patil
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