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New Delhi. If you invest in the stock market, then this can be useful news for you. Foreign Institutional Investors (FIIs) have made a net investment of about Rs 66,024 crore in the Indian stock market so far in the year 2021. They are net buying in 8 out of 10 months so far of this calendar year. According to Moneycontrol’s analysis, there are around 115 companies on the BSE 500 stocks, where FIIs have consistently increased their stake in all three quarters of 2021. Out of this, there are 19 stocks that have doubled investors’ money while 5 stocks have become multibagger stocks.
These multibagger stocks are Balaji Amines, Adani Transmission, HEG, KPR Mill and National Aluminum Company, which have seen gains of about 150 percent. Here are 5 stocks-
1. Balaji Amines- The stock rose 347 per cent to Rs 4136.50 by October 20, 2021 from its level of Rs 925.45 on December 31, 2020. FIIs increased their stake every quarter, including 2.18% in the March quarter, 2.35% in the June quarter and 4.00% in the September quarter.
2. Adani Transmission- The stock rose 288 percent from its level of Rs 437.70 on December 31, 2020 to Rs 1697.85 on October 20, 2021. FIIs increased their stake every quarter, including 20.30% in the March quarter, 20.82% in the June quarter and 21.05 in the September quarter.
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3. HEG- The stock has risen 159 percent from its level of Rs 924.65 on December 31, 2020 to Rs 2390.40 on October 20, 2021. FIIs increased their stake every quarter, including 9.43% in the March quarter, 11.27% in the June quarter and 14.29% in the September quarter.
4. KPR Mill- The stock rose 158 percent from its level of Rs 174.78 on December 31, 2020 to Rs 450.55 on October 20, 2021. FIIs increased their stake every quarter, including 2.15% in the March quarter, 2.65% in the June quarter and 3.09% in the September quarter.
5. National Aluminum Company- The stock rose 154 per cent from its level of Rs 43.10 on December 31, 2020 to Rs 109.30 on October 20, 2021. FIIs increased their stake every quarter, including 8.38% in March quarter, 8.64% in June quarter and September quarter. Raised 15.22% stake.
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These are the powerful 19 stocks
FIIs have bought these 19 shares i.e. Balaji Amines, Adanin transmission, HEG ltd, KPR Mills, national aluminum comapnies ltd, radico khaitan, century plyboards, solar industreis india ltd, sonata software, basf india ltd, ptc india, welspurn india, coforge JK tires and industries, grindwell northon, bajaj finserve, tata steel, carborundam universal ltd have steadily increased their stake and these shares have given more than 100 percent return in less than 10 months.
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