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Foreign institutional investors (FIIs) are institutional investors who make significant investments in assets located in a nation other than their home country. 

Here are a few companies in which the Foreign institutional investors have increased their holdings in April 2024. 

JSW Energy Limited 

With a market capitalisation of Rs. 1.03 lakh crore, the share price of the company moved up by 3.63 percent on BSE to hit an intraday high at Rs. 595.2 in the morning trading session of Tuesday. 

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The FII holdings increased to 13.34 percent in April 2024 as compared to 8.37 percent in March 2024, representing a growth of 4.97 percent. 

In terms of financials, the company’s revenue from operations grew by nearly 3.2 percent from Rs. 2,670 crore in Q4 FY22-23 to Rs. 2,756 crore in Q4 FY23-24, accompanied by an increase in the net profit of 22.4 percent, from Rs. 282.03 crore in Q4 FY22-23 to Rs. 345.3 crore in Q4 FY23-24. 

Incorporated in 1994, JSW Energy, a part of the JSW Group, is one of the leading private sector power producers in India engaged in the generation of thermal power, hydropower, wind power and solar power. 

Sterlite Technologies Limited 

With a market capitalisation of Rs. 6,021.52 crore, the share price of the company moved up by 1.5 percent on BSE to hit an intraday high at Rs. 123.5 in the morning trading session of Tuesday. 

The FII holdings increased to 9.96 percent in April 2024 as compared to 5.02 percent in March 2024, representing a growth of 4.94 percent. 

In terms of financials, the company’s revenue from operations fell by nearly 39 percent from Rs. 1,872 crore in Q4 FY22-23 to Rs. 1,140 crore in Q4 FY23-24. The net profit also fell from Rs. 63 crore in Q4 FY22-23 to a loss of Rs. 82 crore in Q4 FY23-24. 

Sterlite Technologies Limited is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks.

Cupid Limited 

With a market capitalisation of Rs. 2,670.13 crore, the share price of the company moved up by around 4.8 percent on BSE to Rs. 100.8 in the morning trading session of Tuesday, compared to its previous closing price of Rs. 96.15. 

The FII holdings increased to 5.38 percent in April 2024 as compared to 5.19 percent in March 2024, representing a growth of 0.19 percent. 

In terms of financials, the company’s revenue from operations grew by nearly 51.8 percent from Rs. 41.5 crore in Q4 FY22-23 to Rs. 63 crore in Q4 FY23-24, accompanied by an increase in the net profit of 184.4 percent, from Rs. 8.34 crore in Q4 FY22-23 to Rs. 23.72 crore in Q4 FY23-24. 

Established in 1993, Cupid Limited is India’s leading manufacturer and supplier of male condoms, female condoms, water-based lubricant jelly & IVD (In-vitro diagnostics) kits.

Written by Shivani Singh

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