Under your radar? 5 penny stocks with over 15% FII investment
1/6
Taking stock
Foreign institutional investors (FIIs) usually avoid penny counters, but a handful of such stocks have attracted sizable FII interest — over 15%. While most of them are struggling with negative one-year returns, the heavy foreign shareholding makes them worth watching.
2/6
Leading Leasing Finance and Investment
Despite being a sub-Rs 10 stock, more than half the company is owned by FIIs. It has held ground with marginal gains in an otherwise weak space.
3/6
Standard Industries
A fall of 20% in share price hasn’t deterred FIIs, who own nearly 39%. The stock remains under the penny category but with significant foreign backing.
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4/6
Mercury Trade Links
One of the smallest in terms of market cap, Mercury has been battered this year with 70% fall. Yet FIIs continue to hold nearly 30%.
5/6
Future Lifestyle Fashions
The debt-laden fashion retailer, once part of the Future Group, is down sharply in one year. Still, FIIs account for nearly 20% ownership.
6/6
Globus Power Generation
Another penny counter in power and infrastructure, Globus has seen a rough year but remains on FII radar with 17% stake.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)