These companies have a minimum market capitalization of Rs 500 crore, and the stocks have given up to over 3000% returns year-to-date.
Prominent names that were chased by FII dollars in the quarter gone by include Aurionpro Solutions, Jindal Saw, Titagarh Rail Systems, Newgen Software, Zensar Technologies, Ramkrishna Forgings, Mrs Bectors Food Specialities, and Chennai Petroleum Corporation.
Overall, FIIs have increased their stake in 668 companies, and reduced in 541 stocks, sequentially in the June quarter. These companies have a minimum market capitalisation of Rs 500 crore.
Titagarh Rail Systems: Foreign investors doubled down their holding to 12.60% during the June quarter from 6.07% a quarter ago. Year-to-date, the stock has given a whopping 189% returns to investors. In fact, foreign investors have steadily increased stake in the company for six consecutive quarters. As of June 2022, FIIs held just 4.63% stake. The number of FII/FPI investors increased to 92 in the last quarter, from 82.
Zensar Technologies: FIIs raised their stake in the technology company to 12.59% in the last quarter from 10.53% in the preceding quarter. Year-to-date, the stock has given a whopping 125% returns despite the challenges surrounding the IT sector. The number of FII/FPI investors increased sharply to 195 from 152 in the last quarter.
Mrs Bectors Food: In this company, FIIs’ stake reached an all-time high of 7.57% in the June quarter, from 5.64%. They have increased their stake in the company for four consecutive quarters. Shares of the confectionery maker have given 109% returns year-to-date.
Ugro Capital: FII stake in the non-bank financial company surged to 21.99% as of June end, compared to 6.95% a quarter earlier. Year-to-date, the stock has given over 78% returns. The stock hit a record high earlier this month as the company’s net profit tripled on year in the June quarter. The number of FPI investors increased to 28 in the last quarter from 22.
Syrma SGS Technology: This is another stock that attracted FII dollars, as their holding went up to 9.27% as of June end, from 4.61% a quarter ago. The company’s stock has given nearly 74% returns to investors so far in 2023. The number of FPI investors increased sharply to 75 from 49.
Crompton Greaves Consumer Electricals: In the June quarter, FIIs significantly reduced their stake in the consumer durables goods maker. Their holding slipped to 34.9% from 39.63%. The number of FPI investors decreased to 379 from 399. Year-to-date, the stock has net lost more than 13%.
Go Fashion: This is another stock that saw high selling by FIIs, as their cumulative holding dropped to 11.02% as of June end, from 16.57% a quarter ago. After cutting stake for four consecutive quarters, FIIs had increased their holding in the March quarter, but the trend reversed again in the June quarter. Year-to-date, the stock has given just 2% returns.
Brightcom Group: In this stock, FIIs reduced their stake significantly to 8.87% as of June end, from 15.76% a quarter ago. The trend has reversed after four quarters. The number of FPI investors decreased to 106 in the quarter from 121. Year-to-date, the stock has net lost nearly 48%.
(Data inputs from Ritesh Presswala)
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