Top 5 multibagger micro-cap stocks with increased FII holdings in the September quarter

The second quarter of FY24 concluded on September 30. With the start of the new quarter, companies will begin sharing their first-quarter results with investors and other stakeholders. Along with disclosing the financial performance of the company, investors also start receiving updates on changes in the shareholding pattern.

As investors, we are always curious to know where FIIs are buying shares or increasing their existing stakes in which company. These market participants namely FIIs and DIIs play a significant role in the stock market and have a notable impact on the performance and valuation of companies. When FIIs increase their stake in a specific company, it often leads to significant implications for the share price.

In this article, we will explore companies under Rs 500 crore where FIIs entered or increased their stakes during the September quarter. These stocks have shown magnificent performance during the past year.

OK Play India 

OK Play India Limited is engaged in the production of plastic molded items including toys, school furniture, infrastructure, automotive products, and various other goods.

In terms of ownership, the company’s promoters hold 49.14% of its shares. Meanwhile, during the September quarter, the stake held by FIIs increased from 13.51% to 19.64%. DIIs possess 0.02%, while public investors hold 30.11%. Furthermore, the stock has generated an impressive multibagger return of around 399.30% during the past year.

AVG Logistics Limited 

AVG Logistics Ltd offers road transportation services, warehousing facilities, and railway transportation to a range of domestic and multinational corporations. It was incorporated in 2010.

In terms of ownership, the company’s promoters hold 61.22% of its shares. Meanwhile, during the September quarter, the stake held by FIIs increased from 0.18% to 4.35%. DIIs possess 8.39%, while public investors hold 26.03%. Furthermore, the stock has generated an impressive multibagger return of around 135% during the past year.

Kesar Lands Limited

Kesar Lands Limited operates within the real estate sector, specializing in the development of residential and commercial projects as well as constructing industrial buildings, factories, workshops, and similar structures. All these projects are marketed under the recognized brand name, “Kesar Lands”. The company was incorporated in 2002.

In terms of ownership, the company’s promoters hold 74.98% of its shares. Meanwhile, during the September quarter, the stake held by FIIs increased from 12.55% to 15.70%, while public investors held 9.30%. Furthermore, the stock has generated an impressive multibagger return of around 323.90% during the past year.

Thomas Scott 

Thomas Scott (India) Ltd engages in the manufacturing and trading of textile and textile-related products. The company was incorporated in 2010.

In terms of ownership, the company’s promoters hold 69.64% of its shares. Meanwhile, during the September quarter, the stake held by FIIs increased from 0% to 1.27%, while public investors held 29.09%. Furthermore, the stock has generated an impressive multibagger return of around 350% during the past year.

Sarveshwar Foods Limited

Sarveshwar Foods Limited is engaged in the manufacturing, trading, and export of Basmati rice, renowned for its long grain and fine texture. The company was incorporated in 2004 in Jammu & Kashmir.

In terms of ownership, the company’s promoters hold 54.91% of its shares. Meanwhile, during the September quarter, the stake held by FIIs increased from 2.37% to 3.76%, while public investors held 41.32%. Furthermore, the stock has generated an impressive multibagger return of around 140% during the past year.

Investors must keep these stocks on their radar.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.