8 FII favourites of FY23 surge 50-100% in FY24 so far
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Profit Churners
In the current fiscal year (FY24), the Indian stock market has experienced impressive growth, with the benchmark Sensex surging approximately 11%. Amidst this rally, numerous stocks have delivered impressive returns, and investors who opted for foreign institutional investors (FIIs) preferred picks have mostly outperformed the index's performance. In particular, around 114 stocks with a market capitalization exceeding Rs 500 crore, where FIIs consistently increased their stake throughout all four quarters of FY23. Interestingly, a majority of these stocks from the list have surpassed the index's returns in FY24 thus far.
ETMarkets has highlighted 8 stocks that have gained between 50-100% in three months of FY24. Take a look.
ETMarkets has highlighted 8 stocks that have gained between 50-100% in three months of FY24. Take a look.
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Brightcom Group | Return in FY24 so far: 107% | CMP: Rs 30.33
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Datamatics Global Services | Return in FY24 so far: 97% | CMP: Rs 559.45
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Chennai Petroleum Corporation | Return in FY24 so far: 68% | CMP: Rs 400.05
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Neuland Laboratories | Return in FY24 so far: 65% | CMP: Rs 2965.60
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Cholamandalam Investment and Finance Company | Return in FY24 so far: 56% | CMP: Rs 1187.10
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Engineers India | Return in FY24 so far: 53% | CMP: Rs 113.70
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Shanti Educational Initiatives | Return in FY24 so far: 53% | CMP: Rs 79.05
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Godawari Power And Ispat | Return in FY24 so far: 50% | CMP: Rs 522.45