The government of Singapore is one of the high-net-worth investors in the Indian stock market, As per the latest corporate shareholdings filed, the Government Of Singapore publicly holds 48 Indian stocks with a net worth of over Rs. 157,710.9 Cr.
Here are three stocks that the Singapore government has stakes up to 6.93%
Sona BLW Precision Forgings Ltd.
Sona BLW Precision Forgings Ltd shares were trading at Rs 590.95 a share on Monday, up 0.85 percent from the previous close price of Rs 585.95.
As of Q1FY24, the Singapore government holds 5.98 percent out of the 31.68 percent stake held by foreign institutional investors, while domestic institutional investors hold a 28.2 percent stake in the company.
The company’s stock has delivered a 28 percent return in six months and an 11 percent return in the last year.
Sona BLW Precision Forgings Ltd revenue has increased by 25 percent yearly, from Rs 538 crore in Q1FY23 to Rs 673 crore in Q1FY24. During the same period, net profit increased by 55 percent, from Rs 65 crore to Rs 101 crore.
Sona BLW Precision Forgings is engaged in designing, manufacturing, and supplying engineered automotive systems and components.
Max Healthcare Institute Ltd
On Monday, Max Healthcare Institute Ltd shares were trading at Rs 555.15 a share, a 0.27 percent increase from the previous close price of Rs 553.60.
As of Q1FY24, the Singapore government holds 6.93 percent out of the 59.89 percent share held by foreign institutional investors, while domestic institutional investors hold an 11.9 percent stake in the company.
Max Healthcare Institute Ltd stock has delivered a 28 percent return in six months and a 43 percent return last year.
The revenue of Max Healthcare Institute Ltd has grown by 20 percent year on year, from Rs 1,066 crore in Q1FY23 to Rs 1,284 crore in Q1FY24. Net profit climbed by 39
percent within the same time, from Rs 172 crore to Rs 240 crore.
Max Healthcare Institute Limited is engaged in providing healthcare services through primary care clinics, multi-specialty hospitals, and super-specialty hospitals.
Prestige Estates Projects Ltd
Prestige Estates Projects Ltd shares were trading at Rs 570.95 a share on Monday, up 0.65 percent from the previous close price of Rs 567.40.
As of Q1FY24, the Singapore government holds 3.77 percent out of the 20.68 percent stake held by foreign institutional investors, while domestic institutional investors own 11.27 percent of the company.
The company stock has delivered a 42 percent return in six months and a 20 percent return last year.
Prestige Estates Projects Ltd revenue has decreased by 13 percent yearly, from Rs 1,938 crore in Q1FY23 to Rs 1,680 crore in Q1FY24. During the same period, net profit increased by 27 percent, from Rs 253 crore to Rs 322 crore.
Prestige Estate Projects is in the business of real estate development encompassing the development and construction of properties, and leasing of office and retail properties.
Written by Omkar Chitnis
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