{"id":102345,"date":"2023-05-03T17:02:00","date_gmt":"2023-05-03T11:32:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102345"},"modified":"2023-05-03T16:59:33","modified_gmt":"2023-05-03T11:29:33","slug":"multibagger-blue-chip-stock-delivers-65-returns-after-retail-investors-sold-majority-stake-to-fiis-and-fpis","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-blue-chip-stock-delivers-65-returns-after-retail-investors-sold-majority-stake-to-fiis-and-fpis\/","title":{"rendered":"Multibagger blue chip stock delivers 65% returns after retail investors sold majority stake to FIIs and FPIs\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1068874214\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With a market capitalization of \u20b9 5,27,507 crores, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ITC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">ITC<\/a><\/strong> is a blue-chip company that has diversified business interests. The conglomerate operates through four business segments \u2014 FMCG, Hotels, Paper and Packaging, cigarettes and agribusiness.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3437086462\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company\u2019s shares have been on an uptrend and reached a new all-time high of \u20b9 428.50 apiece on Wednesday. In the past year, its shares gained 64.37% as its share price surged from \u20b9 259.75 apiece to \u20b9 426.95 apiece.&nbsp;<\/p><p>Data suggests that the company\u2019s share price started rising after retail investors sold a stake to Foreign Institutional Investors (FIIs).&nbsp;<\/p><p>According to the shareholding pattern of the company, Foreign Institutions merely held a 12.68% stake in the company as of the June quarter of 2022. More specifically, GQG Partners Emerging Markets Equity Fund held 13,58,86,187 shares or a 1.10% stake in the company. Meanwhile, retail investors held a 48.46% stake in the company.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1896095981\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Data for the September quarter shows that FPI and FII investments flocked to the company, with a total shareholding of 5,28,90,34,691 shares or a whopping 42.69% stake in the company. Simultaneously, retail shareholding in the company fell to 19.10%.&nbsp;<\/p><p>Foreign institutions continued to buy ITCs shares and they hold a 43.35% stake as per the data for the January to March quarter. On the other hand, retail investors hold merely an 18.90% stake in the company.&nbsp;<\/p><p>ITC has an ideal return on equity of 24.82% and a good dividend yield of 2.89%. In fact, its share price has risen by 100% since February 2022, giving multibagger returns. If an investor had invested \u20b9 1 lakh in the company\u2019s shares in Feb last year, the value of their holdings would have been \u20b9 2 lakhs today!&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1654185548\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With a market capitalization of \u20b9 5,27,507 crores, ITC is a blue-chip company that has diversified business interests. The conglomerate operates through four business segments \u2014 FMCG, Hotels, Paper and Packaging, cigarettes and agribusiness.\u00a0 The company\u2019s shares have been on an uptrend and reached a new all-time high of \u20b9 428.50 apiece on Wednesday. In [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5563,8948,6217,3236,8797,5575,948,936],"class_list":["post-102345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-blue-chip-stocks-to-buy-in-2023","tag-fii-stake-in-itc","tag-itc-latest-news","tag-itc-share-price","tag-latest-stock-market-news","tag-multibagger-stocks-to-buy-in-2023","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger blue chip stock delivers 65% returns after retail investors sold majority stake to FIIs and FPIs\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"With a market capitalization of \u20b9 5,27,507 crores, the company is a blue-chip company that has diversified business interests. 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