The Singapore government has strategically increased its stake in Indian equity, signalling confidence in the economic development and investment potential of India.
According to the latest corporate shareholdings filed through the stock exchanges, the Government Of Singapore publicly holds 50 stocks with a net worth of more than Rs. 2.17 lakh crore.
Following are the stocks held by the Government Of Singapore as per the shareholding data filed with the exchanges.
NTPC Ltd
As of December 2023, the Government of Singapore bought fresh stake in NTPC Ltd. of 13.07 crore equity shares, which is around 1.35 percent of the equity stake in the company with a holding value of Rs. 4,396.7 crore.
The foreign investors in the company increased by 0.36 percent from 16.69 percent in Q2 FY23-24 to 17.05 percent in Q3 FY23-24.
With a market cap of Rs. 3.21 lakh crore, the share price of NTPC moved up by nearly 0.86 percent to Rs. 339 on Thursday, compared to its previous closing price of Rs. 336.10.
The company has given over 49.5 percent returns in the last six months and nearly 94.4 percent in the last one year, whereas, so far in 2024, it delivered positive returns of around 7.0 percent.
The company’s revenue from operations grew by around 4.8 percent QoQ from Rs. 44,983 crore in the Q2 FY23-24 to Rs. 42,820 crore in Q3 FY23-24, accompanied by an increase in the net profit by 10.22 percent QoQ to Rs. 5,209 crore in Q3 FY23-24 from Rs. 4,726 crore in Q2 FY23-24.
Established in 1975, NTPC is India’s largest power utility and is committed to generating reliable power at competitive prices in a sustainable manner.
UltraTech Cement Ltd.
The cement flagship company of the Aditya Birla Group, UltraTech Cement Limited is India’s largest manufacturer of grey cement and ready mix concrete, one of the top manufacturers of white cement, and the world’s third largest cement producer (excluding China).
As of December 2023, the Singapore government has bought stake of around 30.6 lakh equity shares in the company, which is nearly 1.06 percent of the equity stake in UltraTech Cement, with a holding value of Rs. 3,055.1 crore.
With a market capitalisation of Rs. 2.84 lakh crore, the FIIs holdings in the company increased by 1.55 percent from 16.65 percent in Q2 FY23-24 to 18.2 percent in Q3 FY23-24.
The company’s share price increased by 0.52 percent on Thursday to Rs. 10,020.9, compared to its previous closing price of Rs. 9,968.4.
It has delivered positive returns of over 20.0 percent in the last six months, whereas nearly 36.65 percent in the last one year. So far in 2024, it has given negative returns of around 5.8 percent.
Bajaj Auto Ltd.
The government of Singapore has bought fresh stake of nearly 28.59 lakh equity shares or 1.01 percent of the equity stake in Bajaj Auto Ltd. with a holding value of Rs. 2,353.1 crore.
With a market cap of Rs. 2.33 lakh crore, the foreign investors in the company increased by 0.27 percent from 14.37 percent in Q2 FY23-24 to 14.64 percent in Q3 FY23-24.
The company’s revenue from operations grew by 12.24 percent QoQ to Rs. 12,165 crore in Q3 FY23-24 from Rs. 10,838 crore in Q2 FY23-24, accompanied by an increase in net profit by 0.64 percent on a QoQ basis from Rs. 2,020 crore to Rs. 2,033 crore in the same period.
The share price of Bajaj Auto Ltd. rose by nearly 1.21 percent on February 22nd, compared to its previous close of Rs. 8,232.25. The company has given over 78.6 percent returns in the past six months and nearly 115.2 percent in the last one year. So far, it has yielded returns of around 23.2 percent in 2024.
Bajaj Auto, the flagship company of Bajaj Group, is the world’s largest three-wheeler manufacturer and third largest two-wheeler manufacturer.
The company has acquired 48 percent of the KTM brand from a 14.5 percent stake, which manufactures sports and super sports two-wheelers.
Zomato Limited
The government of Singapore has around 9.49 lakh crore equity shares, which is around 1.09 percent of the equity stake in Zomato with a holding value of Rs. 1,504.2 crore.
With a market cap of Rs. 1.4 lakh crore, the FIIs have increased holdings by 2.43 percent from 13.04 percent in Q2 FY23-24 to 15.47 percent in Q3 FY23-24.
The company’s share price jumped by 1.73 percent on February 22nd to Rs. 161.40, whereas, its previous closing price was Rs. 158.65. On February 21st, the stock hit a new 52-week high at Rs. 167.8.
It has given over 73.1 percent returns in the last six months and more than 200 percent in the last one year, whereas, so far in 2024, the returns delivered positive returns around 27.8 percent.
Launched in 2010, Zomato Limited is one of the leading online food service platforms in terms of the value of food sold and offers services including food delivery, dining-out services, and loyalty programs.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
