High FII holding stocks under Rs 500 to add to your watchlist.

High FII holding stocks below Rs 500: In any country in the world, capital brought or invested by foreign institutions is welcomed as it can help companies invest in capital expenditure, R&D and strategic equity. These are some of the factors that make FII holdings attractive for holding shares of any company. In this article, we look at stocks with high FII holdings under Rs 500 and analyze their operations, financials, etc.

High FII holding stocks below Rs 500

1. Redington Co., Ltd.

Redington was founded in 1961 and is headquartered in Chennai. The company started operations in 1993 and specializes in IT distribution and branch operations in western and southern India.

We deliver everything as a service by deploying IT hardware and partnering with customers and cloud services using a B2B e-commerce platform to improve supply chain management for all services.

In FY23, the company is present in 38 countries, with 46.51% of its revenue coming from SISA (Singapore, India, South Asia) and 53.49% from Rest of the World (ROW).

As of September 30, 2023, FII holdings were 56.25%, consisting of FDI (Synnex Technology – 24.13%), FPI – 30.39% (Vanguard Index Fund – 1.02%, Massachusetts Institute – 1.73%, Fidelity Stock Fund – 3.74%). there is. and others – 1.73%.

The company reported operating revenue of Rs. 79,376.78 crore in FY23, Rs. It increased by 26.71% to ₹62,644.01 crore in FY22. Net profit in 2023 was 130 million won. It increased by 9.47% to $1.43939 trillion. 1,314.87 crore in FY22. Due to the rise in raw material prices, the operating profit margin decreased compared to the same period last year, and the increase in sales exceeded the increase in net profit.

2. ITC Co., Ltd.

The company was founded and incorporated in 1910. ITC has diversified into businesses such as FMCG (food, personal care, cigarettes and cigars, educational and stationery products, incense and safety matches), hotels, paperboard and packaging, agribusiness and information technology. .

In FY23, FMCG accounted for 66.34% of sales (Tobacco – 62%, Other – 38%), Hotels – 3.52%, Agribusiness – 16.30%, Cardboard, Paper & Packaging – 9.53%, Other – 4.19%.

Additionally, the company divided its sales into three categories: product sales (91.50%), service sales (7.59%), and other sales (0.91%).

As of September 30, 2023, FII shareholding is 43.35%. FDI holdings are 29.04%, including Rothmans International with 1.24%, Myddleton Investment with 3.90%, cigarette manufacturers with 23.90%, FPIs with 12.88%, GQG Partners with 1.58% and others with 1.43%.

In FY23, the company reported revenue of Rs.76,518.21 crore, up 17.35% from Rs.65,204.96 crore in FY22. Net profit increased by 25.63% to Rs.19,476.72 crore from Rs.15,503.13 crore in FY22. The increase in net profit is due to a decrease in raw material purchases compared to the previous year.

3. Aster DM Healthcare Co., Ltd.

The company was founded in 1987 and incorporated in 2008. Aster DM Healthcare is one of the most renowned hospitals in India. They serve patients at 290 locations in nine countries, including clinics, hospitals and pharmacies, and employ approximately 14,000 people.

The company derives its revenue from the following segments: Hospitals – 56.94%, Clinics – 19.9%, Retail Pharmacies – 22.90% and Other – 0.26% in FY23. In FY23, the company derives its revenue from hospitals (56.94%), clinics (19.9%), retail pharmacies (22.90%), and other (0.26%).

As of September 30, 2023, FII share was 40.21%, comprising 29.09% from FDI (Rimco Ltd. – 10.13%, Olympus Capital Asia – 18.96%) and 11.12% from FPI.

The company’s sales in 2023 were 150 million won. 11,932.88 crore, an increase from Rs. It increased by 16.38% to ₹10,253.28 crore in FY22. The company’s net profit was 1 billion won. 4754.8 billion in FY23, up from Rs. It declined by -20.95% to ₹601.50 crore in FY22. Net profit decreased due to increased fixed costs such as labor costs, purchases of medicines and consumables.

4. Crompton Greaves Consumer Electric Company

The company was incorporated in 2015. Crompton Greaves specializes in lighting and electrical consumer durables, including selling motors, water heaters, mixers grinders, small kitchen appliances, LED lamps and commercial lighting. The company has more than 16,000 inventory management departments and more than 2,000 employees.

The company generates its revenue from segments such as Consumer Electrical Durables (69.22%), Lighting Products (15.40%), and Butterfly Brands (15.37%). Each department and store spends 56% on fans, 23% on lighting and 20% on water heaters.

As of September 30, 2023, FII share was 35.65%, FPI share was 34.86%, followed by BNP Paribus – 1%, Kotak Funds – 1%, Fidelity Funds – 1.23%, Government Pension Fund Global – 1.88, Vanguard Fund – 2.64%, Kuwait. Investment – ​​1.21%, Other – 0.79%.

Sales in fiscal 2023 increased 27.35% to KRW 1.1 trillion. 6,869.10 crore from Rs. 5,394.11 crore in FY22. The company’s net profit was 1 billion won. 476.40 crore in FY23, down 17.63% from Rs. In fiscal year 22, it is $5783.8 billion. The decrease in net profit is due to increased material costs and changes in trade inventory.

5. Petronet LNG Co., Ltd.

Petronet LNG was founded in 1998. The promoter of the company is the Government of India, which holds 50% stake in the company. An independent board of directors has established a joint venture capital to develop facilities for the import, storage and gasification of liquefied natural gas.

Regasification liquefied natural gas (RLNG) sales account for approximately 95.91% of the company’s revenue, followed by regasification services at 2.53% and other services at 1.55% in FY23.

As of September 30, 2023, FII share was 33.31% and FPI share was 31.18%. These include Seafarer Overseas – 1.13%, T Rowe Price Emerging Markets Trust and Fund – 2.81%, Government of Singapore – 2.13% and Fidelity. Investment – ​​1.28%, Other – 2.13%.

In FY23, the company’s revenue was Rs.59,899.35 crore, up 38.75% from Rs.43,168.57 crore in the previous year. Net profit for FY23 was Rs.1,094.38 crore, down 2.38% from Rs.1,121.17 crore in FY22. The decrease in net profit is due to the increase in LNG purchase costs.

List of stocks with high FII holdings below Rs 500

Here are some of the High FII holdings below Rs 500.

conclusion

Towards the end of the article, we looked at some High FII holdings below Rs 500. This represents one of the trust parameters as evidenced by the FII stake through its stake in the company. Since it costs less than Rs.500, most investors can afford it.

However, this is not the only factor that determines whether a company is good or bad. Since FII Holdings decisions and strategies are influenced by advisors, a thorough analysis of the company is required before investing. What do you think about the companies above? Do they have enough potential? Let us know your thoughts in the comments section below.

Written by Santosh

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