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 smallcap stocks in which FIIs have increased their stake upto 6.63 percent during the recent quarter:
Ganesh Benzoplast Ltd
With a market capitalization of Rs. 1,289 crores, the shares of this food preservatives manufacturing company started Friday’s trading session on a flatter note at Rs. 181.70 compared to its previous close of Rs. 182.05. During the trading session, the shares hit a low of Rs. 177.40, making a loss of around 2 percent and closed the day at Rs. 179 apiece.
Foreign Institutional Investors have increased their stake by 2.2 percent from 2.97 percent during the December quarter to 9.49 percent in the March quarter. Furthermore, Promoters have a 39.01 percent stake in the company, while the public held 55.83 percent of the company’s shares during the same period.
Looking at the company’s financial statements, the revenue increased by 5 percent from Rs. 56 crores during the September quarter to Rs. 59 crores in the December quarter. In addition, the net profits increased by 7 percent from Rs. 15 crores to Rs. 16 crores during the same period.
Aditya Vision Ltd
With a market capitalization of Rs. 4,314 crores, the shares of Aditya Vision Ltd started Friday’s trading session on a higher note at Rs. 3,302 compared to its previous close of Rs. 3,256.35. During the trading session, the shares hit a high of Rs. 3,365, gaining around 4 percent and closed the day at the same levels.
Foreign Institutional Investors have increased their stake by 6.63 percent from 0.57 percent during the December quarter to 7.20 percent in the March quarter. According to the latest shareholding pattern, Promoters have a 55.62 percent stake in the company, while the DIIs held 7.44 percent of the company’s shares during the same period.
Furthermore, Ace Investor Mr Ashish Kacholia, entering the stock in March 2023, currently holds 2,39,506 lakh equity shares equivalent to a 1.99 percent stake in this company. The current holding value of his investment amounts to Rs. 80.6 crores.
Looking at the company’s financial statements, the revenue zoomed by 32 percent from Rs. 313 crores during the September quarter to Rs. 413 crores in the December quarter. In addition, the net profits magnified by 120 percent from Rs. 10 crores to Rs. 22 crores during the same period.
Written By Vaibhav Patil
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