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Indians who aspire to become wealthy through stock market investments are known as domestic institutional investors. Additionally, mutual funds, liquid funds, insurance companies, and other financial instruments are all available for investment by DIIs. DII investment choices are influenced by both political and economic factors. 

Here are Three Stocks in which DIIs increased their stake up to 21.69 % in Q2FY24 from Q1FY24. 

Zomato Ltd. 

When it comes to the amount of food sold, Zomato Ltd is among the top online food service platforms. Food delivery, dining-out services, loyalty programs, and other things are among its offerings. 

With a market capitalization of Rs 1,06,186.06 crore, Zomato Ltd, On Thursday, the company shares closed at Rs 121.90 a share, an increase of 1.14 percent from the previous close price. 

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Looking into the company’s financial performance, the company’s revenue in the second quarter is Rs 2,848 crore Q2FY24, and during the same period, the net profit is Rs 36 crore. 

Domestic institutional investors increased their stake in the company by 3.11 percent,i.e., from 9.93 percent in Q1FY24 to 13.04 percent in Q2FY24. As of the September quarter of FY 23-24, retail investors hold a 32.24 percent stake in the company. The stock has delivered a return of 91.90 percent in six months. 

Tata Power Co Ltd 

Tata Power Company Ltd. is the production, transmission, and distribution of energy. Its goal is to generate all of the electricity from renewable sources. 

With a market capitalization of Rs 83,845.71 crore, Tata Power Company Ltd, On Thursday, the company shares closed at Rs 262.40 a share, an increase of 1.25 percent from the previous close price. 

Looking into the company’s financial performance, the company’s revenue in the second quarter is Rs 15,728.03 crore Q2FY24, and during the same period, the net profit is Rs 765.89 crore.

Domestic institutional investors increased their stake in the company by 1.09 percent,i.e., from 14.91 percent in Q1FY24 to 16.01 percent in Q2FY24. As of the September quarter of FY 23-24, retail investors hold a 27.12 percent stake in the company. The stock has delivered a return of 18.46 percent in six months. 

Sanofi India Ltd 

Sanofi India Ltd manufactures and sells include for the central nervous system, thrombosis, cardiology, anti-infectives, allergies, and vitamins, minerals, and supplements. 

With a market capitalization of Rs 17,733.10 crore, Sanofi India Ltd, On Thursday, the company shares closed at Rs 7,700 a share, a decrease of 1.10 percent from the previous close price. 

Looking into the company’s financial performance, the company’s revenue in the second quarter is Rs 714.6 crore Q2FY24, and during the same period, the net profit is Rs 152.2 crore. 

Domestic institutional investors increased their stake in the company by 2.03 percent,i.e., from 19.66 percent in Q1FY24 to 21.69 percent in Q2FY24. As of the September quarter of FY 23-24, retail investors hold an 11.11 percent stake in the company. 

Written by -: Abhishek Singh

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