High FII holding stocks under Rs 200 to add to your watchlist.

High FII holding stocks below Rs 200: When investing in the stock market, we always try to find the best investment products at the lowest price. Although stock price is not the most accurate measure of stock value, our emotional bias is always drawn to stocks that trade in double or triple digits.

At the same time, knowing that a foreign fund has acquired a stake instills a lot of confidence in the stock. With this in mind, let’s find a few stocks that have High FII Holding but can be purchased at cheap prices.

In this article on stocks with high FII holdings under Rs 200, we analyze stocks, business, finances, and more. Read on…

High FII holding stocks below Rs 200

Let’s take a brief look at the company and its activities, and finally look at the company’s revenues and profits before concluding the article.

1. Reddington

Redington (formerly Redington India) is a leading distributor and integrated supply chain provider of hardware and software solutions. The company was founded in Mumbai in 1993 by R. Srinivasan. Redington started its journey as a distributor for Epson, Tripp Lite and Samsung.

In the late 1990s, it began its venture into becoming a distributor of software products for Intel, IBM, Canon, and Microsoft. The company established subsidiary Redington Gulf FZE in 1999 to expand into the Middle East and Gulf markets.

Over the years, several foreign companies have acquired stakes in Redington, such as Synnex Mauritius Ltd, ChrysCapital and Standard Chartered PE. In 2019, the company finally became a professionally managed entity with no promoter ownership.

Currently, Redington has built a successful supply chain distribution system worth Rs 8.4 Billion (Rs. 67,900 Cr). The company is a distributor of over 290 international brands across 38 emerging markets.

The company recorded net sales of Rs. 79,519 Cr in FY23, up 27% from Rs. 62,732 Cr in FY22. At the same time, net profit only increased by 9%. 1315 Cr in FY22 to Rs. 1440Cr in FY23. The slow growth in net income was due to increases in purchasing costs and other expenses.

Redington has the highest FII holdings at around 56.30%. Synnex Technology International Corporation It is the largest FII shareholder with 24.13% stake in the company. Other notable shareholders include: Fidelity Puritan Trust (3.74%), with (1.73%) and electric potential(1.02%).

2. Petronet LNG

Petronet LNG Limited was established on April 2, 1998 to establish a terminal for importing liquefied natural gas (LNG). The company was set up as a joint venture by four major oil and gas PSUs. ONGC, IOCL, Gale, and BPCL. Four PSUs invested 50% of the capital and the rest was funded by mutual funds, FPIs, FIIs and public institutions.

Construction of the first terminal began in 2000. The company had entered into a gas sales agreement with stakeholders GAIL, IOCL and BPCL in 2006 to supply gas. Petronet LNG remains the dominant player in the LNG market today, meeting 40% of gas demand.

Petronet has established Southeast Asia’s first LNG receiving and regasification terminal. The plant was started at Dahej, Gujarat with an initial capacity of 5 MMTPA. The terminal’s capacity is currently 17.5 MMTPA. The plant is being developed to expand capacity to 22.5 MMTPA in two phases.

Dahej Terminal is the country’s largest single-site LNG storage and regasification terminal. We recently achieved the milestone of handling our 3,000th LNG cargo. We also provide toll collection services to off-takers and bulk customers. To meet the needs of small customers without gas pipeline connections, Dahej supplies LNG via cryogenic trucks.

The terminal has six LNG storage tanks and other vaporization facilities. The vessel has two LNG berths capable of handling Q-Flex and Q-Max vessels. A pier is an architectural form that extends a land terminal onto the water.

Petronet LNG It reported strong revenue growth of 39% and grew from Rs. 43,466 Cr in FY22 to Rs. 60,422 Cr in FY23. However, net profit decreased by more than 3% from 300 billion won. 3438 Cr in FY22 to Rs. 3326 Cr in FY23. Net profit decreased due to material costs, which increased 46% year over year.

The company holds 33.31% stake in FII. T. Low Price & Owned by the Singapore government They are 2.78% and 2.31%, respectively.

3. Federal Bank

Federal Bank is a private sector commercial bank established in the southern Indian state of Kerala. The bank was established in 1931 as Travancore Federal Bank Ltd. The bank was taken over by the late Kulangara Paylo Hormis, who will lead the bank as CEO.

In 1959, the bank was chartered under the Banking Companies Act, 1949. Over the years, it has acquired several ailing banks in Kerala. It became a scheduled commercial bank in 1970.

Today, Federal Bank enjoys success in the personal, NRI and business banking segments. As of 2023, Woori Bank’s deposits are 50 million won. 2.13 Lakh Cr and advance payment of Rs. 1.74 Cr Chrome Bank has established a strong presence through 1,355 branches across the country serving 1.6 Cr customers.

The bank maintains a CASA ratio of 32.74% and liquid deposits of Rs. 14,189 Cr and savings deposits of Rs. 55,452 Cr. The bank maintains a net interest margin of 3.31%.

The bank’s net interest income increased by 27.06% from Rs. 5692 Cr in FY22 to Rs. 7232 Cr in FY23. Net profit performed even better with an increase of 59.31% over Rs. 1890 Cr in FY22 to Rs. 3,011Cr in FY23. NII and net income have grown at a CAGR of 14.72% and 24.73%, respectively, over the past five years.

As of September 2023, the bank had foreign institutional shareholders owning 29.42% of Bundesbank. IFC Emerging Asia Fund and IFC Financial Institutions Fund Each owns 1.75% of the bank.

4. Manapuram Finance

Manappuram Finance is India’s leading gold lending NBFC. The company was founded in Valapad, a coastal town in Thrissur district of Kerala. Manappuram started its journey as a pawn shop and money lending company for VC Padmanabhan. After his death, his son Nandakumar took over as MD and CEO of the NBFC.

He founded Manappuram Finance Ltd in 1992 and listed it on the exchange. Currently, the NBFC has around 5000 branches and employs 45,000 people across 28 states and union territories.

In 2007, the company received funding from Sequoia Capital, which invested Rs. 70 Cr with Hudson Equity Holdings. Over the next three years, the company raised a total of 500 billion won. 1245 Cr through two QIPs attracting funds from foreign investors.

NBFCs have always leveraged technology to create a proprietary platform developed by Manappuram. This will help NBFCs weed out substandard gold and speed up the lending process.

In 2015, Manappuram launched a product offering online gold loans. The facility is available 24x7x365 for customers to receive funds instantly from anywhere in the world. The NBFC also plans to launch co-branded credit cards to tie in with its gold lending services.

Over the past few years, the company has taken steps to diversify its lending business away from Gold Loans. It has diversified into areas such as microfinance, automobile and housing finance, and small and medium-sized business loans. The total AUM of the Commercial Vehicles and Home Finance segment is Rs. 3.55 Lakh Chrome

The company earned interest income amounting to Rs. 6440 Cr in FY23, up 10% from Rs. 5,840 Cr in FY 2022. Net profit increased by 13%, up from Rs. 1329 Cr in FY22 to Rs. 1,500 Cr in FY23.

Manapuam has a high foreign institutional stake of 27.08%. BoFa Securities Europe & BNP Paribas They hold shares of 2.95% and 2.82%, respectively.

5. PTC India

Power Trading Corporation (PTC India) is a government initiative established in April 1999 to provide a trading platform and mitigate credit risk to private power project developers.

PTC was established as a public-private partnership with a diverse board of directors comprised of directors from the private and public sectors. Government entities such as NHPC Ltd, PFC, PowerGrid Corp and NTPC form part of the PTC India promoter consortium. They jointly own 16.22% of the company.

In 2001, the company ventured into launching an energy exchange in India to conduct trading activities including trading long-term energy contracts. It has a customer base covering all state utilities in India and some utility companies in neighboring countries.

In addition to PTC’s core business of providing power trading services, the company also owns its own trading assets through its subsidiary PTC Energy Ltd. We also provide advisory services such as portfolio management and transmission infrastructure services.

PTC recorded a 5.2% decline in revenue to Rs. 16,880 Cr in FY22 at Rs. 16,002 Cr in FY23 due to lower transaction volume. At the same time, PTC’s net profit declined by 8.07% from Rs. 552 Cr in FY22 to Rs. 507 Cr in FY23.

As of September 2023, our company’s foreign institutional shares are 27.47%. fidelity fund & CIM Investment They own 5.16% and 4.05% of the company’s shares, respectively.

List of stocks with high FII holdings below Rs 200

Listed below are 10 high FII holding stocks under Rs 200.

conclusion

As we conclude the article High FII holding stocks below Rs 200, we were able to find a very diverse list of stocks ranging from distributors, banks, trading companies and NBFCs. The companies in this list have some form of investment by foreign VCs, resulting in high FII stake.

The stocks on this list are not recommendations in any way to investors. This is only a list of funds in which foreign institutions have acquired shares. These stocks require more thorough research on your part before investing.

So, I would like to conclude this article. Do any of these stocks appeal to you? Let us know in the comments below.

Written by Nasir Hussein

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