In Q3FY24, Foreign Institutional Investors (FIIs) increased their holding stake in certain companies this indicates a positive outlook on the company’s performance, management, and prospects.
Here are some of the stocks in which the Foreign Institutional Investors(FII)/Foreign Portfolio Investors have increased their holding stake in Q3FY24.
Coforge
Coforge Limited is an Information Technology company engaged in the business of providing end-to-end software solutions and services like managed services, application development, and maintenance, and many more to global clientele like British Airways, the ING group, SEI Investments, Sabre, and SITA.
The shares of Coforge Limited closed at Rs. 6,198, down 2.69 percent from its previous day’s close price of Rs. 6,369.20 and its market capitalization is Rs. 38,323 Crores.
In Q3FY24, the Foreign Institutional Investors/Foreign Portfolio Investors increased their holding in the company from 24.78 percent to 34.37 percent, by adding a 9.59 percent stake.
Its revenue from operations grew by 17.58 percent from Rs. 1,91,754 Crores in FY22 to Rs. 2,25,458 Crores in FY23, accompanied by increasing profits of Rs. 38,449 Crores to Rs. 42,303 Crores.
According to the latest shareholding data available for the quarter ended December 2023, the company’s Promoters hold a 0.00 percent stake, the Foreign Institutional Investors (FII) Hold 34.37 percent and the Domestic Institutional Investors hold 54.28 percent.
Affle (India)
Affle (India) Limited is a global technology company engaged in the business of providing a consumer intelligence platform that delivers consumer engagement, acquisitions, and transactions through its segments the consumer platform and enterprise platform.
The shares of Affle (India) Limited closed at Rs. 1,229, up 0.34 percent from its previous day’s close price of Rs. 1,224.80 and its market capitalization is Rs. 17,205 Crores.
In Q3FY24, the Foreign Institutional Investors/Foreign Portfolio Investors Increased their holding in the company from 9.66 percent to 14.35 percent, by adding a 4.69 percent stake.
Its revenue from operations grew 32.57 percent from Rs. 1,081.66 Crores in FY22 to Rs. 1,433.96 Crores in FY23, accompanied by increasing profits of Rs. 214.69 Crores to 245.47 Crores.
According to the latest shareholding data available for the quarter ended December 2023, the company’s Promoters hold a 56.93 percent stake, the Foreign Institutional Investors (FII) hold 14.35 percent and the Domestic Institutional Investors hold 14.71 percent.
Five Star Business Finance
Five Star Business Limited a Non-Banking Finance Corporation (NBFC) primarily engaged in the business of providing loans for business purposes, house construction, mortgage purposes, and many more.
The shares of Five Star Business Finance Limited closed at Rs. 750, up 1.69 percent from its previous day’s close price of Rs. 737.95 and its market capitalization is Rs. 21,920 Crores.
In Q3FY24, the Foreign Institutional Investors/Foreign Portfolio Investors increased their holding in the company from 50.22 percent to 54.28 percent, by adding a 4.06 percent stake.
Its revenue from operations grew by 21.27 percent from Rs. 1,254.06 Crores in FY22 to Rs. 1,520.85 Crores in FY23, accompanied by increasing profits of Rs. 453.54 Crores to Rs. 603.5 Crores.
According to the latest shareholding data available for the quarter ended December 2023, the company’s Promoters hold a 26.54 percent stake, the Foreign Institutional Investors (FII) Hold 54.28 percent and Domestic Institutional Investors hold 7.82 percent.
Written by: Bharath K.S
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