Vanguard is a renowned global investment management company, offering a diverse range of mutual funds, ETFs, and other financial products. With a commitment to low-cost investing and a focus on long-term wealth accumulation, Vanguard has become a trusted choice for investors seeking reliable and efficient investment solutions worldwide.
Here are the stocks in which the Vanguard Fund group bought a fresh stake in Q4FY24.
Restaurant Brands Asia Ltd.
Restaurant Brands Asia Limited is an India-based firm that operates Burger King-branded quick-service restaurants. The Company’s business operations extend across India and Indonesia (via its subsidiaries). It provides culinary products according to local tastes and preferences.
With a market capitalization of Rs 5,035.95 crore, on Friday, the shares closed at Rs 101.45 apiece, decreased around 0.39 percent as compared to the previous closing price.
Vanguard Fund group bought 10,812,950 equity shares which is equivalent to 2.2 percent of the company as of March 2024.
The company’s revenue stood at Rs 604 crore in Q3FY24, during the same time frame, net profit stood at Rs (40) crore.
Zomato Ltd.
Zomato Limited is one of the most successful online meal service platforms in terms of food sales. Its services include meal delivery, eating out, loyalty programs, and more.
With a market capitalization of Rs 1.65 lakh crore, on Friday, the shares closed at Rs 188.15 apiece, increased around 2 percent as compared to the previous closing price.
Vanguard Fund group bought 183,817,937 equity shares which is equivalent to 2.1 percent of the company as of March 2024.
The company’s revenue stood at Rs 3,288 crore in Q3FY24, during the same time frame, net profit stood at Rs 138 crore.
HDFC Bank Ltd.
The Housing Development Finance Corporation Limited (HDFC) was among the first to get the Reserve Bank of India’s (RBI) ‘in principle’ clearance to establish a private sector bank. HDFC Bank is a publicly traded banking business founded in August 1994 under the name ‘HDFC Bank Limited.
With a market capitalization of Rs 11.46 lakh crore, on Friday, the shares closed at Rs 1,509.75 apiece, decreased around 0.06 percent as compared to the previous closing price.
Vanguard Fund group bought 76,705,955 equity shares which is equivalent to 1.17 percent of the company as of March 2024.
The company’s revenue stood at Rs 79,434 crore in Q3FY24, during the same time frame, net profit stood at Rs 18,013 crore.
Written by:- Abhishek Singh
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