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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%.
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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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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price