ट्रेंडिंग न्यूज़

₹79 Penny Stock Jumps 337% in a Year with High FII Holdings!


When FIIs take a position in a penny stock, other investors pay attention to that stock, because FIIs move towards a penny stock only after doing a complete study. 

A high holding of foreign institutional investors (FIIs) in a penny stock is often considered a positive sign because FIIs’ purchase is a sign of growth and stability of the stock. It is a sign of confidence from institutional investors who are invested in the company’s shares.

FIIs’ position in a penny stock can attract more retail investors, which can increase the price and liquidity of the stock.

Here are four penny stocks in which FIIs have a high stake.

Stratmont Industries Ltd

The company primarily manufactures and trades low-ash metallurgical (LAM) coke, which can produce 36,000 metric tons per year from its Bhachau unit located in Gujarat.

Stratmont Industries Ltd has a market cap of Rs 241 crore. The stock ended with a price of 82.9 rupees On Tuesday. This was an increase of 2 percent over the previous closing.

Foreign institutional investors own 28.07 % of shares held by Stratmont Industries Ltd as of the June 2024 quarter.

The company reported an 184.3 percent year-on-year growth in revenue in Q1 FY25 to Rs 5.43 crore as against Rs 1.91 crore in Q1 FY24. Profit after tax grew 38.5 percent to Rs 0.36 crore from Rs 0.26 crore in the same period.

Orchasp Ltd

Orchasp Ltd specializes in software development, web-based services, and IT consultancy. They offer services like hospital software as well as specific applications for industries with a particular focus on innovative technologies.

Orchasp Ltd has a market cap of Rs 56.1 crore. The price of shares for the company ended at the price of 3.09 rupees per share Tuesday. This was an increase of 1.31 % over the previous closing.

At the end of the quarter ending June 2024, institutional investors from abroad are holding 5.71 % of the total stake in Orchasp Limited.

The company recorded a 14.85 percent growth in revenue in the first quarter of FY 2025 to Rs 3.48 crore as compared to Rs 3.03 crore in the first quarter of FY 2024. 

Profit after tax fell by 8 % to 0.23 crore rupees, compared to 0.25 crore rupees in the previous period.

LKP Securities Ltd

LKP Securities Ltd is a financial services company in India offering a variety of investment options across a variety of categories of assets, including equities commodities, and derivatives.

LKP Securities Ltd has a market cap of Rs 177 crore. The share price of the company was at 22.07 rupees per share, on Tuesday, which was down 2.26 % from the prior closing.

In the last quarter, which ended June 2024, institutional investors from abroad had 3.93 % of total shares held by LKP Securities Ltd.

The company reported a 67.7 percent growth in revenue in Q1 FY25 from Rs 18.17 crore in Q1 FY24 to Rs 30.47 crore. Profit after tax grew 188.7 percent to Rs 4.1 crore from Rs 1.42 crore in the same period.

Digidrive Distributors Ltd

Digidrive Distributors Ltd acts as master distributors for retail products in the digital market, with a focus on products such as Caravan Digital Music Player.

Digidrive Distributors Ltd has a market cap of Rs 189 crore. The price of shares of the company was 48.65 rupees for each share on Tuesday, which was down 2.45 % from the previous closing.

At the end of the quarter in June 2024, institutional investors from abroad were holding 3.62 % of Digidrive Distributors Limited’s total stake in Digidrive Distributors Ltd.

The company reported a 31.4 percent growth in revenue in Q1 FY25 from Rs 10.55 crore in Q1 FY24 to Rs 13.86 crore. Profit after tax increased 172 % to 1.36 crore rupees, up from 0.5 crore rupees during the same time.

Quick Fact

Company name: Stratmont Industries

Company name Stratmont Industries
Core business Manufacturing and trading low-ash metallurgical (LAM) coke
Production capacity 36,000 metric tons per year
Main location Bhachau, Gujarat
Market cap ₹241 crore
FIIs’ holding 28.07%
Revenue growth in Q1 FY25 184% year-on-year
Q1 FY25 revenue ₹5.43 crore
Q1 FY24 revenue ₹1.91 crore
Profit growth in Q1 FY25 39% year-on-year
Q1 FY25 profit after tax ₹0.36 crore
Q1 FY24 profit after tax ₹0.26 crore

Company name: Orchasp

Company name Orchasp
Core business Software development, web services, IT consultancy
Specialized services Hospital software, industry-specific applications
Market cap ₹56.1 crore
FIIs’ holding 5.71%
Revenue growth in Q1 FY25 15% year-on-year
Q1 FY25 revenue ₹3.48 crore
Q1 FY24 revenue ₹3.03 crore
Profit decline in Q1 FY25 8% year-on-year
Q1 FY25 profit after tax ₹0.23 crore
Q1 FY24 profit after tax ₹0.25 crore

Company name: LKP Securities

Company name LKP Securities
Core business Financial services, investment options across assets
Asset categories Equities, commodities, derivatives
Market cap ₹177 crore
FIIs’ holding 3.93%
Revenue growth in Q1 FY25 67.7% year-on-year
Q1 FY25 revenue ₹30.47 crore
Q1 FY24 revenue ₹18.17 crore
Profit growth in Q1 FY25 188.7% year-on-year
Q1 FY25 profit after tax ₹4.1 crore
Q1 FY24 profit after tax ₹1.42 crore

Company name: Digidrive Distributors

Company name Digidrive Distributors
Core business Master distributor for digital market retail products
Focus products Caravan Digital Music Player
Market cap ₹190 crore
FIIs’ holding 3.62%
Revenue growth in Q1 FY25 31.4% year-on-year
Q1 FY25 revenue ₹13.86 crore
Q1 FY24 revenue ₹10.55 crore
Profit growth in Q1 FY25 172% year-on-year
Q1 FY25 profit after tax ₹1.36 crore
Q1 FY24 profit after tax ₹0.5 crore

Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.

careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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