By Aditya Raghunath
Investing.com -- It has been no secret that FIIs (foreign institutional investors) have been buying Indian equities in the second half of FY21. They have upped their stakes in over 457 companies since June 30, 2020. This article focusses on the top five companies that FIIs have purchased stakes in and share prices have zoomed up:
Tanla Solutions Ltd (NS:
): FII share has gone up from 0.1% on June 30, 2020, to 11.1% on December 31, 2020.
This is a cloud communications provider based out of Hyderabad. Its stock price on June 30 was Rs 71.70. Its stock price on February 5 was Rs 708. The stock has gone up by over 887%.
Ramco Systems Ltd (NS: RMCS ): FII stake in Ramco came down from 4.8% in March 2020 to 0.7% in June 2020. However, it has since risen to 1.5% as of December 2020. The company is a software services provider that has seen its share price go from Rs 110.15 on June 30 to Rs 640 on February 5, up over 481%.
IndiaMART InterMESH Ltd (BO: INMR ): FIIs have increased their stake in this e-commerce company from 15.2% in June to 24.6% in December. The stock price has grown from Rs 2,325 on June 30 to Rs 9,925 on February 5, up 326%.
Indo Count Industries Ltd (NS: ICNT ): FII stake in Indo Count was 7.3% on June 2020, and 9.4% in December 2020. Indo Count is a textile company. The company’s stock was at Rs 37.15 on June 30 and it closed February 5 at Rs 123.85, up 233%.
Ramkrishna Forgings Ltd (NS: RKFO ): FIIs had a 9.7% stake in Ramkrishna Forgings on June 30, 2020, and upped it to 12.3% at the end of the year. This equipment supplier to a wide variety of industries has seen its share price grow from Rs 162.9 on June 30 to Rs 540 on February 5, up over 231%.
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