High FII Holdings Stocks Under Rs 1000 Add To Watchlist 2024

Having high FII below Rs 1000:Company management is very important to the company’s growth. Foreign institutional investors (FIIs) invest in companies based on analysis and also profit from short-term stock price fluctuations. Higher FII holdings indicate greater trust in the company. In this article, we will look at companies with FII holdings of less than Rs. 1000.

High FII holding stocks below Rs 1000

High FII Holdings Stock Under Rs 1000 #1: Max Financial Services Ltd.

Analjit Singh founded the company in 1988 and incorporated it in 1989. Max Financial Services Limited (MFSL) is a subsidiary of Max Group. MFSL, a life insurance company, owns and actively manages an 87% stake in Max Life Insurance and has a joint venture with Axis Bank.

Axis Bank and its subsidiaries Axis Capital Limited and Axis Securities Limited (collectively the “Axis Entities”) have become joint promoters of Max Life. Axis Entities acquired the entire 12.99% stake in Max Life. Max Life has 397 branches across India as of March 31, 2023.

Business Investments and Other segments generated revenue, accounting for 0.13% of total revenue, up 6.62% from the previous year. Life insurance accounted for 99.86% of the total, an increase of 0.73% compared to the previous year.

As of September 2023, FIIs hold a 51.54% stake in the company, with Sumitomo Insurance holding 21.86%, New York Life Insurance holding 2.96%, Baron Emerging Markets Fund holding 1.40%, Singapore government holding 2.07%, and New World Fund holding 1.26%. I’m doing it. .

The company’s revenue was Rs. 31,412.67 crore against Rs. It increased by 0.72% to ₹31,187.58 crore in FY22. The company’s net profit was 1 billion won. 451.89 crore in FY22, up from Rs. It increased by 41.92% to ₹318.40 crore in FY22. Profits increased due to improved cost management and increased interest income on investments.

High FII holding stocks below Rs 1000 #2: Five Star Business Finance Ltd.

VK Ranganathan founded the company in 1984 in Chennai. Five Star has been providing professional financial services. Our clients range from small shopkeepers, florists, maids, masons, small and medium-sized businesses, and we are a microfinance company. FSBF provides secured loans to small entrepreneurs and the self-employed for business purposes, wealth creation (home renovations or improvements) or meeting costs for important economic events such as marriage, healthcare or education.

The company operates as a single segment and conducts business only in India. In FY23, interest income accounted for 98.54% of operating income, with the remaining 0.90% coming from fee income and 0.56% coming from fair value fee net income.

As of September 2023, FIIs hold 50.22%, Sequoia Capital holds 3.48%, TPG Asia holds 14.29%, Sirius holds 6.03%, SCI Growth Investments holds 3.78%, Fidelity Funds holds 1.91%, and Small Cap World Fund holds 3.08%. It has .

The company’s revenue was Rs. 1,520.84 crore as opposed to Rs. 1,203.76 crore, an increase of 26.35% in FY22. The net profit was Rs. 603.49 crore, an increase from Rs. ₹453.54 crore in FY22, an increase of 33.06% on a standalone basis.

The increase in net profit is due to an increase in interest income and a decrease in financial costs.

High FII holding stocks below Rs 1000 #3: CarTrade Tech Ltd.

Vinay Sanghi has led the organization since its inception in 2009. CarTrade Tech Ltd. is a multi-channel automotive platform provider. Its brands include CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz. The platform connects new and used car buyers, dealers, OEMs, and other businesses to buy and sell various types of vehicles. The company offers a wide range of solutions for automotive transactions, including buying, selling, marketing, and financing.

In FY23, the company earned 42.21% of its revenue from website services and commissions, 55.75% from commissions and related income (including parking and registration fees), and the remaining 2.04% from used car sales and other operating income.

FIIs held 70.15% as of September 2023, including Macritchie Investments – 16.33%, Highdell Investment – ​​​​17.38%, Goldman Sachs Trust and Funds (combined) – 3.58%, Kuwait Investment Authority – 1.44%, Bay Capital – Includes famous investors such as 2.21. % Taiyo Greater India – 1.98% and Prudential Assurance – 2.27%.

The company’s revenue was Rs. It increased by 16.31% to 3637.3 billion won. 312.72 crore in FY22. Net profit recorded 140 million won. 40.43 crore compared to a loss of Rs. 121.35 crore in FY22. The increase in net profit was due to a decrease in welfare expenses and an increase in other profits such as sales, which were reflected in the income statement to ensure profitability.

High FII holding stocks below Rs 1000 #4: 360 ONE WAM Ltd.

The company was founded in 2008 and was previously known as IIFL Wealth Management Limited. 360 ONE is a wealth management company based in Mumbai, India. The company provides advisory services on equities and derivatives, commodities, asset management, asset management, insurance, fixed deposits, loans, investment banking, GoI bonds and other financial products.

Through comprehensive, tailored wealth management solutions, the company meets the highly specialized and sophisticated needs of high-net-worth and ultra-high-net-worth individuals, wealthy families, family offices and institutional clients.

The AUM of the company was Rs. As of March 31, 2023, our revenue was over 3.4 billion and our customer base was approximately 4 million.

Most of the company’s revenue in FY23 came from Asset Management (72.71%), with the remainder coming from Asset Management (27.29%). While asset management remained unchanged from the previous year, asset management increased by 21.03%.

As of September 2023, FIIs were 61.88 including Vanguard – 1.02%, BC Asia Investments – 24.75%, Bank Muscat – 2.01%, Rimco – 2.23%, Government Pension Fund Global – 1.12%, Smallcap World Fund – 7.96%, and Capital. % is held. Income Builder – 5.28%.

In 2023, the company’s sales recorded 1.1 trillion won. 1,974.66 crore compared to Rs. It increased by 6.70% to 1,850.65 crores in FY22. Net profit in 2023 was 130 million won. 657.89 crore compared to Rs. It increased by 13.87% to $577.4 billion. Improved cost management, including employee benefits, fees, and commissions, can be attributed to increased net income.

High FII holding stocks below Rs 1000 #5: Max Healthcare Institute Ltd.

The company was founded in 2001. The company operates 17 healthcare facilities (3,500 beds) in NCR Delhi, Haryana, Punjab, Uttarakhand and Maharashtra.

85% of bed capacity is in Metro/Tier 1 cities. In addition to hospitals, Max Healthcare also operates home care and pathology businesses under the brands Max@Home and Max Labs, respectively.

Abhay Soi, Chairman and Managing Director of Max Healthcare, promotes and leads the company. The present merged company was formed after Radiant Life Care Pvt. acquired 49.7% stake in the erstwhile Max Healthcare Institute Limited. Ltd. and Max Healthcare merged with Radiant. The merged entity took the name Max Healthcare Institute Limited. Before the merger, Radiant was run by Abhay Soi.

The company reports its revenue under one segment – Healthcare Facilities, which includes primary, secondary and tertiary care facilities, and operates only in India. As of FY23, revenue from healthcare services was 96.03%, revenue from pharmaceuticals and pharmaceutical supplies at 2.34%, and revenue from other operations (ancillary activities, service exports, sponsorships, training revenue) at 1.63%.

As of September 2023, FIIs hold 60.38%, followed by the Singapore government with 7.16%, New World Fund with 6.60%, Smallcap World Fund with 5.10%, GQG Partners with 2.55% and the Monetary Authority of Singapore with 1.36%.

The company’s revenue was Rs. 4,562.60 crore in FY23 compared to Rs. It increased by 15.90% to ₹3,936.55 crore in FY22. Net profit recorded 140 million won. 1,103.51 crore compared to Rs. It is $650.55 billion, an 82.38% increase over the previous year. The increase in net profit is due to a decrease in interest expenses and the effect of deferred corporate taxes.

partial list High FII holding stocks below Rs 1000

conclusion

By the end of the article, FIIs invest through analysis and decisions. They believe that the stock is undervalued or that the business is booming based on their assumptions and valuation. Do your research before investing and understand the risks and returns associated with investing in any company.

What do you think about these companies? Mention some companies with high FII shareholding and business and financial position of less than Rs. 1 000. Let us know your thoughts in the comments section below.

Written by Santosh

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