For the sake of this study, we have considered only those stocks with a market price below Rs 25 (September 2023-end as the base) and a minimum market capitalisation of Rs 100 crore.
Nitco
Tiles maker Nitco is the top gainer in the list with a six-month return as high as 179%. FIIs raised stake in this microcap from 0.02% to 0.14% in the March quarter on a sequential basis, shows data from ACE Equity.IFCI Shares of state-owned IFCI have also rallied around 150% in 6 months with FII holding going up from 2.08% in the December quarter to 2.29% in the March quarter. Last month, the government infused Rs 500 crore into the financial institution through the issuance of equity shares to the government on a preferential basis. Following this, government holding in IFCI has increased from 70.32% to 71.72%.Also read | Hindustan Zinc shares double in 1 month but the boom isn’t so much about zinc
Newtime Infrastructure
Smallcap real estate developer Newtime Infrastructure, which gave 122% return to investors in 6 months, has seen FII ownership going up multi-fold from a miniscule 0.03% to 2.89%.
Unitech
Unitech is another real estate developer which has doubled investor wealth in no time. FII ownership has increased from 0.32% to 0.49% in 6 months.
Hindustan Motors
Smallcap auto stock Hindustan Motors has also doubled in 6 months with FIIs also increasing stake from 0.02% in December 2023 to 0.04% in March 2024. From the stable of CK Birla Group, Hindustan Motors is famous for the iconic Ambassador car with the management now trying to stage a turnaround with electric vehicles.
Cupid
Personal care products manufacturer Cupid has seen its stock grow by 112% in 6 months. FII stake, in the meantime, has jumped multi-fold from 0.45% to 5.19% quarter-on-quarter.
PVP Ventures
FIIs have also raised stakes in PVP Ventures, which is engaged in the business of developing urban infrastructure and investments in various ventures, from 0.94% in Q3 to 1.06% in Q4. PVP’s share prices have also more than doubled.
Also read | India stock market hits $5 trillion milestone fortnight ahead of election results
(Data: Ritesh Presswala)
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