By Suhel Khan
The Indian markets are shaped by the movements made by Domestic Institutional Investors (DIIs) significantly. DIIs include mutual funds, insurers, and pension funds among others. By tracking DII investment patterns, one can gain valuable insights into potential market trends and possibly some big opportunities.
Here are 2 stocks that have recently become favourites of DIIs.
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Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing gold jewellery, mainly in 22 Karat gold jewellery.
With a market cap of Rs 5,355 cr, SGL has exclusive designs across 14 Product categories, making the average ticket size for their fast-moving segment Rs. 50,000. It has an Inhouse ~80 Member Design Team and ~2000-2500 designs being floated every month.
The company has seen a jump in sales from Rs 786 cr in FY22 to Rs 1,745 cr in FY24. Which is an absolute jump of around 122% and a compounded sales growth rate of 49%.
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And in the first three quarters of FY24 (June to December 2024), the company has already recorded sales of Rs 2,490 cr signalling continues growth.
The net profits have also grown Rs 17 cr in FY22 to Rs 40 cr in FY24, which is a compounded growth of about 54%. The first 3 quarters of FY25 the company has already recorded Net profits of Rs 95 cr.
The sales and net profits could very well be the reason for the company grabbing DII attention, to an extent that the DII holding in the company has gone from about 0% up until the quarter ending September 2024, to 6.63% at the quarter ending December 2024.
Motilal Oswal Small Cap Fund has bought a 4.01% stake and Kotak Mahindra Life Insurance Company Ltd has bought another 1.78% stake.
To add to the sales and net profits,
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