Stocks added to FII portfolio in recent days. Please consider this for your education purpose
1. Ganesha Ecosphere
Company operates in sustainable business of PET plastic Recycling. Major businesses of the company are recycling of the PET Bottles, to produce rPET fibre and rPET yarn.
Company has recently launched a new-age recycling plastic brand called GoRewise. Although historical financial performance of the stock is not so promising, there is something that keeps the FIIs excited about the company’s future prospects.
FII holding has increased to 9.93% in this quarter from a mere 0.89% in the Quarter ended on December 2023. DII holdings also increased to 21.29% in this quarter from a 19.94% in the last quarter. We leave it to your guessing what could have attracted FII’s to the company.
We are not SEBI registered. Please do your own research before taking a position in the company.
2.Gokaldas Exports Limited
Company operates in the business of textile manufacturing for domestic and international markets and also one of the leading exporter of Indian textiles.
Company caters for the segments such as fashion wears, outer wears, bottom wears, casual wears and sports wears. Major revenue come from Fashion wears at about 46% and Outer wears at about 36%.
FII holding has increased from 20.46% in December 2023 quarter to 25.19% as per the latest data for April 2024. DII holdings also increased to 31.59% in this quarter from a 31.55% in the last quarter. We leave it to your guessing what could have attracted FII’s to the company.
We are not SEBI registered. Please do your own research before taking a position in the company.
3.Pricol
Company’s into the manufacture of Driver information and Connected Vehicle Solutions, Actuation, Control and Fluid management Systems and other Electric Vehicle solutions. FIIs and DIIs are bullish on companies business and increased their stakes as per latest shareholding data. Major source of revenue comes from OEM especially in 2-wheeler segment.
FIIs have increased their holding in the company from 6.50% in the last quarter to a whopping 14.39% in the quarter ended on March 2024. Also, DII’s shareholding jumped from 6.92% in the December 2023 quarter to 16.59% in the quarter ended on March 2024 which is a significant increase.
We are not SEBI registered. Please do your own research before taking a position in the company.
