Amidst the recession chaos in global Market, India looks like a safer bet in comparison for the foreign Investors and the benchmark index Nifty-50 performance in recent times supporting this feeling.
With the shareholding data for Q-4 FY-2023 release, sharing few stocks that have seen the highest rise in Foreign institutional investor (FII) Holdings.
In this blog, will discuss the stocks that FII shown their interest in Q-4, with strong performance and which also outperformed Nifty-50 Index.
Equitas Small Finance Bank
Equitas Small Finance Bank saw the highest rise in FII holding, with an increase of 18.61% QoQ to reach 22.69% in Q4FY23.
The bank’s stock price surged 17% over the past month, boosted by strong Q4FY23 results.
Annual Revenue rose 20.9%, in the last year to Rs 4,831.5 Crores. Its sector's average revenue growth for the last fiscal year was 9.4%.
Annual Net Profit rose 104.3% in the last year to Rs 573.6 Crores. Its sector's average net profit growth for the last fiscal year was 27%.
Quarterly Revenue rose 29% YoY to Rs 1,394.4 Crores. Its sector's average revenue growth YoY for the quarter was 15.5%.
Sona BLW Precision (Sonacoms)
Sona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components.
FII holding rise by 13.42 percentage QoQ to 24.69 % during the quarter.
The stock price surge 14.4% over the past month, owing to a 35.3% YoY improvement in revenue for the quarter.
Syngene International Ltd.
Syngene (established in 1993) as a Biocon subsidiary.
Syngene International saw a 6.4 % rise in its FII holding to 23.3% in Q4FY23.
Annual Revenue rose 22.8%, in the last year to Rs 3,263.8 Crores. Its sector's average revenue growth for the last fiscal year was 6.6%.
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