The semiconductor industry is often described as the “brain” of modern-day technology. It is the unseen tech that empowers our digital lives, enabling everything from the devices in our pockets to the cars we drive and the entire infrastructure that this interconnected world has been built upon.
Here are some of the Semiconductor Stocks in which Foreign Institutional Investors(FII) / Foreign Portfolio Investors(FPI) have increased their holding stake in Q3FY24.
Kaynes Technology India
Kaynes Technology India Limited is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. It provides conceptual design, integrated manufacturing, process engineering, and life-cycle support for major players across industries like automotive, aerospace, defense, and many more. It has a strong customer base with major players like Hitachi, Siemens, Tonbo Imaging, and many more.
With a market capitalization of Rs. 18,053 Crores, the shares of Kaynes Technology India Limited were trading at Rs. 2,829.95, up 0.57 percent from its previous day’s close price of Rs. 2813.95.
Its revenue from operations grew 59 percent from Rs. 706 Crores in FY22 to Rs. 1,126 Crores in FY23, accompanied by increasing profits of Rs. 42 Crores to Rs. 95 Crores.
In Q3FY24, the Foreign Institutional Investors/Foreign Portfolio Investors increased their holding in the company from 9.90 percent to 12.71 percent, by adding a 2.8 percent stake.
According to the latest shareholding data available for the December 2023 quarter, the company’s Promoters hold 57.83 percent stake, the Domestic Institutional Investors hold 19.04 percent and the Foreign Institutional Investors (FII) hold 12.71 percent.
Moschip Technologies
Moschip Technologies Limited is a semiconductor and system design company. It specializes in product design and development services ranging from chip design to systems development.
With a market capitalization of Rs. 1,921 Crores, the shares of Moschip Technologies Limited were trading at Rs. 102.50, down 0.82 percent from its previous day’s close price of Rs. 103.35.
Its revenue from operations grew by 34.35 percent from Rs. 148 Crores in FY22 to Rs. 198 Crores in FY23, accompanied by increasing profits of Rs. 6 Crores in both years.
In Q3FY24, the Foreign Institutional Investors/Foreign Portfolio Investors increased their holding in the company from 0.20 percent to 2.84 percent, by adding a 2.34 percent stake.
According to the latest shareholding data available for the December 2023 quarter, the company’s Promoters hold 47.64 percent stake, the Domestic Institutional Investors hold 0.00 percent and the Foreign Institutional Investors (FII) hold 2.84 percent.
Dixon Technologies (India)
Dixon Technologies Limited is engaged in providing manufacturing and design-focused solutions for consumer durables, home appliances, lighting, mobile phones, security devices, set-top boxes, wearables, and medical equipment to customers across the globe, along with repairing and refurbishment services of LED TV panels. It has a strong customer base with major players like Xiaomi, Panasonic, Samsung, and many more.
With a market capitalization of Rs. 37,079 Crores, the shares of Dixon Technologies Limited were trading at Rs. 6200, up 1.24 percent from its previous day’s close price of Rs. 6,124.
Its revenue from operations grew by 13.98 percent from Rs. 10,697 Crores in FY22 to Rs. 12,192 Crores in FY23, accompanied by increasing profits of Rs. 190 Crores to Rs. 255 Crores.
In Q3FY24, the Foreign Institutional Investors/Foreign Portfolio Investors increased their holding in the company from 15.66 percent to 17.41 percent, by adding a 1.75 percent stake.
According to the latest shareholding data available for the December 2023 quarter, the company’s Promoters hold 33.63 percent stake, the Domestic Institutional Investors hold 26.39 percent and the Foreign Institutional Investors (FII) hold 17.41 percent.
Written by: Bharath K.S
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