Among the myriad factors influencing investor sentiment, the inflow of Foreign Institutional Investment (FII) serves as a crucial indicator of market confidence and potential growth. The surge in FIIs not only shows the strength but also hints at exciting opportunities ahead.
Here are a few stocks under Rs. 100, that have seen a significant increase in foreign investors by more than 6% quarter-over-quarter (QoQ) from Q2 FY23-24 to Q3 FY23-24.
Suzlon Energy
Foreign investors in Suzlon Energy Limited increased by 6.95 percent from 10.88 percent in Q2 FY23-24 to 17.83 percent in Q3 FY23-24.
With a market cap of Rs. 55,018 crore, the share price of the company moved up by 4.91 percent on NSE to close in the green at Rs. 40.60, compared to its previous closing price of Rs. 38.7.
Suzlon Energy has given around 68.81 percent returns in the last six months and nearly 372.09 percent of multibagger returns in the last one year. So far in 2024, it has delivered positive returns of about 5.45 percent.
In terms of financials, the revenue from operations of Suzlon Energy grew by 9.78 percent QoQ from Rs. 1,421 crore in Q2 FY23-24 to Rs. 1,560 crore in Q3 FY23-24, accompanied by an increase in net profit of 99.01 percent from Rs. 102 crore in Q2 FY23-24 to Rs. 203 crore in Q3 FY23-24.
Suzlon Energy Limited is the largest renewable energy solutions provider in India, with a presence in 17 countries across six continents.
The company offers renewable energy solutions, and its products comprise wind turbine generators and related components, along with solar energy solutions.
Paramount Communications Ltd.
The company is engaged in the business of manufacturing power and communication cables. It is a part of the Paramount Cables Group and is one of the leading wire and cable manufacturing companies in India.
With a market capitalisation of Rs. 2,318.5 crore, FIIs in the company significantly increased by 7.08 percent from 0.52 percent in Q2 FY23-24 to 7.6 percent in Q3 FY23-24.
The company’s share price moved up by nearly 5% on BSE and closed at Rs. 82.92 on March 7th, compared to its previous closing price of Rs. 78.98.
It has delivered returns of around 8.8 percent in the last six months and nearly 125.8 percent of multibagger returns in the last one year. So far in 2024, it has delivered negative returns of about 5.3 percent.
The revenue from operations of Paramount Communications increased by 12.7 percent from Rs. 252 crore in Q2 FY23-24 to Rs. 284 crore in Q3 FY23-24, accompanied by an increase in net profit of 15.78 percent from Rs. 19 crore to Rs. 22 crore during the same period.
Lancer Container Lines Ltd.
With a market cap of Rs. 1,974.4 crore, Lancer Container Lines experienced a rise in foreign investors by 11.85 percent from 11.46 percent in Q2 FY23-24 to 23.31 percent in Q3 FY23-24.
The company’s revenue from operations decreased by 9.03 percent to Rs. 151 crore in Q3 FY23-24 from Rs. 166 crore in Q2 FY23-24. However, the net profit remains unchanged at Rs. 14 crore from Q2 FY23-24 to Q3 FY23-24.
The share price of Lancer Container Lines Limited moved up by 2.77 percent on BSE to Rs. 88.8 on Thursday, compared to its previous closing price of Rs. 86.4.
The company has delivered nearly 54.5 percent of positive returns in the last one year and around 1.58 percent returns, so far in 2024. However, in the last six months, it has given negative returns of about 3.3 percent.
Lancer Container Lines Ltd. is one of the leading integrated shipping and logistics solutions providers in India and offers customised shipping solutions.
The company offers shipping and shipping-related services like project & freight forwarding, container trading, and leading.
Written by Shivani Singh
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