A mutual fund is an investment option that collects and pools money from several investors to buy or invest in stocks, bonds, government securities, or other money market instruments.
Stocks under ₹ 300 in which Mutual Funds increased their stake by up to 5%; Do you own any?
The money pooled in different mutual fund schemes is managed by professional fund managers. The income or gains generated from the mutual funds are distributed equally amongst the investors after deducting the applicable expenses and charges, for which the mutual fund imposes a small fee in return.
Following are some of the three stocks where mutual funds have increased their holdings in the December 2023 quarter.
SeQuent Scientific Limited
Sequent Scientific’s share price gained 1.2 percent and closed at Rs. 134.9 compared to its previous closing price of Rs. 133.3. The company has a market cap of Rs. 3,367.35 crore.
It has given over 52.5 percent returns in the last six months and nearly 68.59 percent in the last one year, whereas, so far in 2024, the returns given were more than 19.3 percent.
Mutual funds have increased holdings from 1.03 percent to 5.02 percent in the December 2023 quarter, and the number of mutual fund schemes increased from 4 to 5 in the December 2023 quarter.
As of December 2023, FIIs hold 6.12 percent of the shares, whereas DIIs hold 7.23 percent of the shares in the company, aggregating to 13.35 percent of the institutional holdings. The Promoters’ holding remains unchanged at 52.79 percent in the December 2023 quarter.
Established in 2002, SeQuent is India’s leading animal health company, with a presence in over five continents across 100 countries and provinces and a wide range of animal health products.
Yatra Online Limited
Incorporated in 2005, Yatra Online has a market cap of Rs. 2,718 crore and provides information, pricing, availability, and booking facilities for domestic and international customers.
Yatra Online’s share price fell by 0.75 percent to close at Rs. 171.60, compared to its previous closing price of Rs. 172.9. It has given over 26.5 percent returns in the last one year and more than 14.9 percent so far in 2024.
The revenue from operations increased by 92 percent from Rs. 198 crore in FY21-22 to Rs. 380 crore in FY22-23, accompanied by an increase in net profit of Rs. 8 crore in FY22-23, recovering from a loss of Rs. 31 crore in FY21-22.
The Promoters’ holding remains unchanged at 64.46 percent in the December 2023 quarter. However, FII has decreased holdings from 9.34 percent in the September 2023 quarter to 4.52 percent in the December 2023 quarter.
Mutual Funds holdings increased by 3.85 percent from 16.28 percent in the September 2023 quarter to 20.13 percent in the December 2023 quarter, whereas the number of mutual fund schemes remained unchanged at 6 in the December 2023 quarter.
Petronet LNG Limited
With a market cap of Rs. 37,020 crore, Petronet LNG Limited (PLL) is one of the fastest-growing world-class Public Limited Company in the Indian energy sector. It was established in 1998 as a joint venture company with a 50 percent shareholding of the leading four oil and gas PSUs by the government of India.
In terms of financials, the company’s revenue from operations grew by 38.76 percent from Rs. 43,169 crore in FY21-22 to Rs. 59,899 crore in FY22-23, accompanied by an increase in net profit from Rs. 3,352 crore in FY21-22 to Rs. 3,240 crore in FY22-23.
The share price of Petronet moved down by 1.42 percent and closed at Rs. 256.6 from its previous close of Rs. 260.30. The company has given over 13.9 percent returns in the past six months and nearly 13.68 percent in the last one year. So far, it has yielded returns of more than 13.6 percent in 2024.
Mutual funds have increased holdings by 5.08 percent from 4.84 percent in the September 2023 quarter to 9.92 percent in the December 2023 quarter, whereas the number of mutual fund schemes has increased from 64 to 79 in the same period.
While the Promoters’ holdings remained unchanged at 50 percent in the December 2023 quarter, the FII holdings decreased from 33.31 percent to 26.28 percent in the December 2023 quarter, where the number of FII investors decreased from 721 to 698.
1 thought on “Stocks under ₹ 300 in which Mutual Funds increased their stake by up to 5%; Do you own any?”