FIIs more than doubled their stakes in 11 multibaggers in June quarter. Do you own any?
At least 34 BSE-listed companies with a market capitalisation above Rs 3,000 crore have delivered over 100% returns in the past six months. Notably, FIIs increased their holdings in 27 of these stocks during the June quarter, with stakes more than doubling in 11 companies. Here are the stocks that attracted the most institutional interest.
Foreign Institutional Investors (FIIs) have significantly increased their stake in 11 multibagger stocks in the June quarter, more than doubling their holdings in some cases. This surge in FII investments in high-performing stocks signals strong confidence from institutional investors. Among the top performers, MTAR Technologies, Sansera Engineering, and Sterlite Technologies have seen the most notable gains, with FII holdings rising to 24.79%, 21.52%, and 18.22% respectively, compared to 17.31%, 18.79%, and 11.47% in the March quarter.
These gains come after a remarkable rally over the last six months, with stocks ranging from 105% to 271% increases, demonstrating the strong performance and attracting FII investments.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
