Small cap stocks in which GQG Partners holds a stake of up to 2.36%; Do you own any?

The GQG Partners Emerging Markets Equity Fund manages money for investors around the world including private individuals, financial professionals, and institutional investors. The business invests in high-quality companies with reasonably priced future growth potential in emerging countries by combining market equity. 

According to the most recent corporate shareholdings filing, GQG Partners publicly holds 5 stocks with a net worth of around Rs. 16,901.6 Cr. 

Here are three small-cap stocks in which GQG Partner has a stake of up to 2.36% 

ITC Ltd. 

ITC Ltd shares are trading at Rs 452.80 a share on Monday, up 0.99 percent from the previous close price of Rs 448.35 The company has a market capitalization of Rs 5,61,285 crore. 

As of Q1 FY24, GQG Partner holds a 1.48 percent stake out of the 43.62 percent stake held by Foreign institutional investors in the company. The retail investor holds 14.41 percent and domestic institutional investors hold a 41.96 percent stake. 

The company’s profitability ratio for the most recent fiscal year has improved with a return on equity of 27.75 percent and a return on capital employed of 35.81 percent. while the company’s net profit margin increased to 27.38 percent. 

The company’s share price has increased by 18 percent in the previous six months and 36 percent in a year. 

ITC is the country’s leading cigarette maker and seller. ITC is in the business of FMCG and Cigarettes, Hotels, Paperboards, Paper and packaging, and Agri-Business. 

Max Healthcare Institute Ltd 

Max Healthcare Institute shares are trading at Rs 577.45 a share on Monday, up 0.87 percent from the previous close price of Rs 572.45. The company has a market capitalization of Rs 56,731 crore. 

As of Q1 FY24, GQG Partner holds a 2.36 percent stake out of the 59.89 percent

stake held by Foreign institutional investors in the company. The company’s promoter holds 23.76 percent and domestic institutional investors hold an 11.9 percent stake. 

The company’s profitability ratio for the most recent fiscal year has improved with a return on equity of 14.89 percent and a return on capital employed of 12.67 percent. while the company’s net profit margin increased to 24.18 percent. 

The company’s share price has increased by 33 percent in the previous six months and 45 percent in a year. 

Max Healthcare Institute Limited primarily provides healthcare services through primary care clinics, multi-specialty hospitals / medical centers, and super-specialty hospitals that offer operation and management, medical services, clinical, radiology, pathology, and other related healthcare services. 

Adani Green Energy Ltd 

Adani Green Energy shares are trading at Rs 1,003.00 a share on Monday, down 0.34 percent from the previous close price of Rs 1,006.45. The company has a market capitalization of Rs 1,56,502 crore. 

As of Q1 FY24, GQG Partner holds a 1.32 percent stake out of the 18.25 percent stake held by Foreign institutional investors in the company. The company’s promoter holds 56.27 percent and domestic institutional investors hold a 1.47 percent stake. 

The company’s profitability ratio for the most recent fiscal year shows a return on equity of 16.56 percent and a return on capital employed of 7.59 percent. while the company’s net profit margin increased to 11.72 percent. 

Adani Green Energy Limited is in the business of renewable power generation and other ancillary activities. 

Written by Omkar Chitnis

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