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5 Stocks In Which FIIs Increased Or Bought The Most Stake In Q4Fy22 Quarter
FIIs buys into the Indian markets are a booster while their selling is a dampener. Owing to the interest rate hike which has been already factored in there is seen excessive selling, nevertheless there are few stocks in which foreign institutional investors are bullish on and hence have raised their stake in the just ended March quarter.
Restaurant Brands Asia
This is a consumer food company and operates Burger King in India. The company also offers cross its food offerings, which include burgers, wraps, beverages, sides, snacks, shakes, desserts, etc.[1 The company has plans to increase its footprint by 260-700 outlets by 2026 across India.
In the March quarter, the FIIs raised their stake in the company and bought 11.41% stake in the company. In the December quarter, they held 17.35% stake while by the March end, their stake in the company has gone higher to 28.76%. The company stock last closed at a price of Rs. 111.25 per share.
GNFC or Gujarat Narmada Valley Fertilisers
This is again a small cap fettilisers scrip that is into manufacturing and selling of several fertilisers including urea, ammonium nitro phosphate under the brand NARMADA. The company in the December quarter posted 123% rise in PAT YoY and on the development the stock hit record high a month ago.
On the previous trading day i.e. April 13, 2022 the stock settled at a price of Rs. 865.2 per share. In the March quarter, the FIIs have raised their stake to 22.39% from 17.27% stake i.e. bought an additional 5.12% additional stake.
MOIL
The company is a Miniratna company - Manganese Ore India Limited . For some 6 months these companies are in focus owing to record topline and hence MOIL is also one of the stock in the radar. The company despite the Covid situation, posted its best performance with topline rising 22% to Rs. 1436 crore in Fy22.
The company announced a buyback and launched it in early 2022. From the FII point of view, they raised the stake to 5.57% from 1.9%, a considerable stake increase. The company also offers a good dividend yield of above 4%. As of the latest dividend, it announced an interim dividend of Rs.3 as against the stock price of Rs. 183.9.
Angel One
In the broking company, the FIIs have raised the stake to 5.44% to 8.96% in the March quarter. Angel One has been very active when it comes to acquiring clientele and in fact over the year has yielded multibagger return of 477%.
KEI Industries
This is a cables company with FII holding in the March quarter increasing by 3.44% to 25.22%. Previously FIIs held 21.78% stake in the company.
This is again a multibagger scrip with returns to the tune of 146%. The company is into manufacturing as well as marketing of power cables for both retail as well as institutional segments. The stock of KEI Industries last closed at Rs 1236 on the NSE.
In the December ended quarter, net sales at the company increased by over 35% year on year.
