These 38 multibagger stocks saw FIIs increase stake in Q1; do you own any?

economictimes.indiatimes.com:

multibagger returns in 2023, data analysed by ETMarkets showed. These companies have a minimum market capitalization of Rs 500 crore, and the stocks have given up to over 3000% returns year-to-date. Prominent names that were chased by FII dollars in the quarter gone by include Aurionpro Solutions, Jindal Saw, Titagarh Rail Systems, Newgen Software, Zensar Technologies, Ramkrishna Forgings, Mrs Bectors Food Specialities, and Chennai Petroleum Corporation.

Overall, FIIs have increased their stake in 668 companies, and reduced in 541 stocks, sequentially in the June quarter. These companies have a minimum market capitalisation of Rs 500 crore.Titagarh Rail Systems: Foreign investors doubled down their holding to 12.60% during the June quarter from 6.07% a quarter ago. Year-to-date, the stock has given a whopping 189% returns to investors.

In fact, foreign investors have steadily increased stake in the company for six consecutive quarters. As of June 2022, FIIs held just 4.63% stake. The number of FII/FPI investors increased to 92 in the last quarter, from 82.Zensar Technologies: FIIs raised their stake in the technology company to 12.59% in the last quarter from 10.53% in the preceding quarter.

Year-to-date, the stock has given a whopping 125% returns despite the challenges surrounding the IT sector. The number of FII/FPI investors increased sharply to 195 from 152 in the last quarter.Mrs Bectors Food: In this company, FIIs’ stake reached an all-time high of 7.57% in the June quarter, from 5.64%. They have increased their stake in the company for four consecutive quarters.