Institutional investors aggregate money from various investors and other entities and then invest it in different financial assets. There are two types of Institutional Investors, Foreign Institutional Investors (FIIs), and Domestic Institutional Investors, (DIIs) in India.
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. The same pattern is observed when domestic institutions like Mutual Funds or Insurance Corporation buy or sell stocks.
These are the stocks in which both FIIs and DIIs have increased their stake in the recent quarter:
Kirloskar Brothers Ltd
This engineering company’s shares opened Tuesday’s trading session positively at Rs. 909.95 compared to its previous close at Rs. 904. The share hit a high at RS. 913 making a gain of around 0.5 percent and currently trading at Rs. 905.80 apiece.
The shares have delivered multibagger returns of 187 percent on a YTD basis. For example, since January, if someone had invested Rs. 1 lakh, then the worth of those shares would be Rs. 2.87 lakhs now.
Foreign Institutional Investors or FIIs have increased their stake from 1.7 percent in the June quarter to 3.5 percent during the quarter September quarter. Domestic Institutional Investors(DII) increased their stake in the company from 8.98 percent in the June quarter to 9.31 percent in the September quarter.
Coming onto the financials, the company’s revenue marginally increased by 1.5 percent from Rs. 899.5 crores in Q1 FY24 to Rs. 913.1 crores during Q2 FY24. On a contrasting note, the net profit declined by 20 percent from Rs. 63.7 crores to Rs. 50.4 crores during the same timeframe.
Force Motors Ltd
The shares of this automotive manufacturing company opened Tuesday’s trading session positively at Rs. 4,104. The share made a high of Rs. 4,164 and currently trading at Rs. 4,120.50 apiece.
In six months the shares have delivered a multibagger return of 202 percent to its investors. For example, if someone had invested Rs. 1 lakh six months ago, then the worth of those shares would be Rs. 3.2 lakhs now.
Foreign Institutional Investors or FIIs have increased their stake from 4.11 percent in the June quarter to 4.94 percent during the quarter September quarter. Domestic Institutional Investors(DII) increased their stake in the company from 1.48 percent in the June quarter to 1.58 percent in the September quarter.
Looking at the financial statement, the company’s revenue increased by 21 percent from Rs. 1,487.55 crores during the June quarter to Rs. 1,801.68 crores in the September quarter. In addition, the net profit magnified by 36 percent from Rs. 68.59 crores to Rs. 93.89 crores during the same time frame.
ISGEC Heavy Engineering Ltd
The shares of this heavy engineering company opened Tuesday’s trading session flat at Rs. 859.65 compared to its previous close at Rs. 859.35. The shares hit a high of Rs. 873.75 making a gain of around 1 percent and currently trading at Rs. 866.95 apiece. In six months, the shares have delivered more than 80 percent returns to its stakeholders.
Foreign Institutional Investors or FIIs have increased their stake from 2.77 percent in the June quarter to 3.48 percent during the quarter September quarter. Domestic Institutional Investors(DII) increased their stake in the company from 8.18 percent in the June quarter to 8.33 percent in the September quarter.
Looking at the financial statement, the company’s revenue increased by 6 percent from Rs. 1,385 crores during the June quarter to Rs. 1,472 crores in the September quarter. In addition, the net profit zoomed by 18 percent from Rs. 50.66 crores to Rs. 59.79 crores during the same timeframe.
Written By Vaibhav Patil
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