Foreign institutional investors (FIIs) have increased their stake in many stocks during the second quarter of the current financial year. During this period, approximately ₹ 97,410 crore was invested in the Indian stock market. The benchmark BSE Sensex, on the other hand, has gained 6.6% in Q2FY25. During this period, BSE Midcap and BSE Smallcap have increased by 7% and 10%.
Data has shown that foreign investors have increased their stake by more than 2 percent in about 35 companies in many sectors including aviation, FMCG, technology, power and consumer goods.
With a share of 22.87% in the September quarter SpiceJet It has emerged as the first choice of FIIs in India. Whereas he held 1.8% stake in the airline till June 30, 2024. According to share holding pattern Onward Technologies Stood in second place. Global investors increased their stake in the company to 8.97% from 1.6% in the previous quarter.
The low-cost airline raised ₹3,000 crore through Qualified institutional placement (QIP) in September. Some of the global investors investing in QIP include Goldman Sachs (Singapore), Morgan Stanley Asia, BNP Paribas Financial Markets ODI, Nomura Singapore Limited ODI, Tata Mutual Fund, Discovery Global Opportunity Limited, Societe Generale ODI, Authum Investments and Infrastructure Limited, Bandhan Infrastructure Fund, White Oak, Carnelian India America Fund, 360 ONE Equal Opportunity Fund and the Jupiter Global Fund. Nuvama Institutional Equities maintained a ‘hold’ rating on SpiceJet in September.
Global investors in the same period GPT Infraprojects It increased its stake from 0.90% to 6.70%. On the other hand, Techno Electric & Engineering Company (up from 4.4% to 9.80%), Vipul Ltd (up from 1.9% to 7.23%), Honasa Consumer (up from 14% to 19.31%) and Heritage Foods (up from 3.3% to 8.27%) were other favourites. Involved in companies.
Brokerage HDFC Securities Heritage Foods But looks quite bullish. Over the past few years, Heritage Foods has established a clear strategy for growth in its Value Added Products (VAP) (26.1% Compound Annual Growth FY22-24) business, achieving a topline target of ₹6,000 crore over the next 3 years. Can be done and EBITDA margin can be maintained in single digits. The brokerage has set a target price of ₹655 on the base case and ₹707 on the bull case, giving a 2-3 quarter outlook.
Genus Power Infrastructures, Indigo Paints, Sansera Engineering, Electronics Mart India, Neogen Chemicals, Kamdhenu, Pritika Auto Industries, Adani Energy Solutions and Glenmark Life Sciences are among other companies that saw FII stake increase by more than 3 per cent during the quarter. Is.
Phillip Capital has a positive stance on Indigo Paints, with a target price of ₹1,937. Indigo Paints is one of the few paint manufacturers to enter the industry in the last 20 years and has maintained its profitability and presence in the market, positioning it as the fifth largest paint manufacturer. They have acted as category creators, which has allowed them to easily enter Tier 3 and 4 markets. Due to IPO and ongoing capex in FY21, the return ratio has declined.
The data also shows that foreign investors bought Tarmat, Marathon Nextgen Realty, Oracle Financial Services Software, Zen Technologies, Cyient DLM, Cholamandalam Financial Holdings, Inox Wind, Bajaj Healthcare, Tips Music, Mysore Petro Chemicals, Firstsource Solutions, RS Software in Q2FY25. (India), Lupine, LT Foods, Newgen Software Technologies, EPL and Radiant Cash Management Services have also increased their stake by more than 2 percentage points.