Vanguard is one of the world’s most recognized investment management firms, that provides a diverse range of products, advice, retirement services, and financial analytics for individuals, institutions, and financial professionals.
Vanguard is the world’s largest mutual fund issuer and the world’s second-largest issuer of exchange-traded funds (ETFs). As of September 30, 2023, the company has offered 430 funds globally, with 227 in markets outside of the United States.
As per corporate shareholdings filed for September 30, 2023, Vanguard Total International Stock Index Fund publicly holds 20 stocks with a net worth of over Rs. 12,773.2 Crores.
Here are three stocks in which Vanguard Index Fund bought a fresh stake in the September quarter
Computer Age Management Services Ltd
Computer Age Management Services Ltd (CAMS)is a financial infrastructure and services provider that offers a mutual fund transfer agency, registrar, KYC registration agency, and other services. The company also offers online transactions, mail-back, capital accounting, and investment services.
On Monday, Computer Age Management Services Ltd shares were trading at Rs 2,866.45 on the National Stock Exchange, up 1.18 percent from the previous close price, the company has a market capitalization of Rs 14,080 crore
Computer Age Management Services shares have gained 35 percent in the last six months and 25 percent in a year.
In the September Quarter of FY 23-24, Vanguard Total International Stock Index Fund bought 4,91,657 equity shares which represents a 1 percent stake in the company out of the 38.61 percent stake held by Foreign Institutional Investors.
In the recent financial year, the company reported a net profit margin of 29.56 percent and an operating margin of 40.08 percent.
Indiabulls Housing Finance Ltd
Indiabulls Housing Finance Ltd is engaged in providing home loans and loans against property. It also provides corporate mortgage loans – lease rental discounting and residential construction finance.
On Monday, Indiabulls Housing Finance Ltd shares were trading at Rs 190.35 on the National Stock Exchange, down 0.89 percent from the previous close price, with a market capitalization of Rs 9,127 crore.
The company shares have gained 68 percent in the last six months and 52 percent in a year.
Vanguard Total International Stock Index Fund bought 55,77,360 equity shares in the September quarter of FY 23-24, representing a 1.16 percent holding in the firm out of the 22.37 percent stake held by Foreign Institutional Investors.
In the recent financial year, the company reported a net profit margin of 12.95 percent and an operating margin of 83.03 percent.
Shriram Finance Ltd.
Shriram Finance Ltd is one of India’s major asset financing NBFC, which is engaged in credit solutions for commercial vehicles, two-wheeler loans, car loans, etc.
On Monday, Shriram Finance Ltd shares were trading at Rs 2,001.00 on the National Stock Exchange,up 0.36 percent from the previous close price, with a market capitalization of Rs 75,183 crore
Shriram Finance shares have gained 52 percent in the last six months and 54 percent in a year.
In the September Quarter of FY 23-24, Vanguard Total International Stock Index Fund bought 37,62,513 equity shares which represents a 1 percent stake in the company out of the 54.67 percent stake held by Foreign Institutional Investors.
In the recent financial year, the company reported a net profit margin of 19.72 percent and an operating margin of 69.38 percent.
Written by Omkar Chitnis
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.