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4 Multibagger Stocks On Which FII Increased There Holdings
Many investors search for Foreign Institutional Investors (FII) activities daily to check what stocks they are buying. An FII is considered an experienced and well-managed investor who takes great measures before making a position. Most of the time, those are the stocks that outperform the market. FII is considered one of the common indicators investors use in the equity market before making their positions.
Here is the list of multibagger stocks on which the FII has increased its holdings.
Hindustan Aeronautics Ltd.
This large-cap stock has been buzzing over the eyes of investors for the past few months as the stock is in a strong momentum to the upside and showing little signs of a correction. Hindustan Aeronautics is engaged in manufacturing, maintaining and repairing helicopters and Aircraft. The Company plays a big role in the defense program as it is the only Indian Company specializing in the business of Aircraft manufacturing.
The Company's market cap is Rs. 76,189 Crores with a current market price of Rs.2,278. The stock is looking in a good position fundamentally and technically for potential upside, and FII has increased its holdings on the share from 1.19% to 5.56%.
One 97 Communications Ltd. (PAYTM)
One 97 Communications Ltd, founded in 2000, is India's top digital ecosystem for consumers and businesses. As of March 31, 2021, the business served 333 million+ customers and had 21 million+ registered merchants. It also provides banking, cloud, and commerce services.
For fundamental reasons, the stock price has been soaring for the past few months. The stock's market capitalization is Rs. 42,874, with a current market price of Rs. 661. Many analysts suggest the stock is not a good buy, and many suggest it is a good buy because it is available at huge discounts. The FII has increased its stake in this stock from 1.03% to 5.45%.
VRL Logistics Ltd
After the new logistics policy, the logistics stocks are trending over the community of investors. VRL Logistics is one of the leading logistics companies in India. VRL Logistics offers logistics services, focusing mostly on domestic freight shipping. Other services of the Company include driving buses, flying passengers, selling electricity, and selling certified emission reductions (CER) units made by running wind turbines. The Company's operations are dispersed over the entire nation through numerous branches and transshipment hubs.
VRL Logistics is a mid-cap company, and the current market capitalization of the company is Rs. 5,562 Crores. The stock's current market price is Rs. 630, with an all-time high of Rs. 720 and an all-time low of Rs. 302. The FII has increased its holdings in this Company from 1.75% to 5.37%.
BLS International Services Ltd
BLS International Services Ltd has a presence in visa/passport/consular/citizen services in 62 countries and 36 government clients. The Company, a member of the four-decade-old BLS Group with a global presence and diversified range of services, ranks among the top three global players in visa application outsourcing. Services of the Company are provided through 2,325 offices worldwide.
The stock is trading at the market price of Rs. 268 and has a market capitalization of Rs. 5,514 Crores. The FII has almost doubled its holdings in the stock and increased from 2.96% to 4.32%.
