Top 4 beaten-down stocks were bought by FIIs in the last quarter

In the recent quarter marked by new fresh record highs and foreign investor inflows, some Foreign Institutional Investors (FIIs) saw opportunity in beaten down stocks. This article discusses about four such companies where FIIs increased their holdings by more than 5% during the last quarter. These companies, all with a market capitalization exceeding Rs 5,000 crore, have also witnessed their share prices fall by more than 20% from their 52-week highs.

Explore whether these stocks offer a chance for a rebound.

1. Home First Finance Company India Ltd
   

   Home First Finance engages in the provision of home lending and financing services. With a current market price of Rs 851.35 and a market capitalization of Rs. 7534.03 crore, Home First Finance has shown a notable 25.79% return over the past year. It saw a significant increase of 7.81% in Foreign Institutional Investors (FII) holdings.
   Recently India Ratings revised outlook on Home First Finance Company India’s NCDs and Banks Loans to Positive; Affirmed ‘IND AA-‘ and CP Affirmed at ‘IND A1+’.

2. Texmaco Rail & Engineering Ltd
   

   Texmaco Rail & Engineering Ltd manufactures railways equipment and related products. The company has displayed an impressive surge in its stock price in a year, currently standing at Rs 161.80, with market capitalization of Rs 6202.44 crore. The company’s multibagger returns of 288.04% in one-year return. Moreover, a notable 7.27% increase in FII holdings signifies growing investor confidence. Recently, board of directors approved preferential issue of Rs 150 crores.

3. Suzlon Energy Ltd
   

   Suzlon Energy engages in the sale of wind turbine generators and related components of various capacities. Trading at Rs 37.39, Suzlon Energy continues its revival with market capitalization of Rs. 50444.14 crore. The company has delivered one-year return of 397.42%. Suzlon has witnessed a notable 6.95% increase in FII holdings. However, the stock has experienced a downward trend of 26.28%. Recently, Suzlon secured a new 72.45 MW order for the 3 MW series from Juniper Green Energy Private Ltd to supply 23 wind turbines with a rated capacity of 3.15 MW each.

4. Ramkrishna Forgings Ltd
   

   Ramkrishna Forgings is a holding company, which engages in the manufacture of forgings. The company boasts a substantial market price of Rs 637.20 and a market capitalization of Rs 11519.05 crore. Its one-year return of 132.74% reflects solid growth in the forging industry. There has been a moderate 5.46% increase in FII holdings, the stock has seen a downward trend of 21.81%, possibly due to market corrections.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.