Penny stocks with significant foreign institutional investor (FII) holdings, typically up to 40%, present an intriguing opportunity for investors. This high level of FII interest signals potential for these undervalued companies to benefit from increased foreign investment and attention, leading to potential stock price appreciation.
1. Gujarat Toolroom Limited
Established in 1992, Gujarat Toolroom Limited (GTL) is a leader in high-precision moulds and tooling, backed by a technical partnership with Schober AG, Switzerland. The company serves diverse industries such as medical disposables, pharmaceutical packaging, and consumer goods, utilising advanced CAD-CAM software and CNC machinery. GTL offers a wide array of services, including tool design, precision machining, injection moulding, and rapid prototyping.
The firm also provides consultancy and training for skill enhancement. Its state-of-the-art facilities feature technologies like Pro/Engineer CAD-CAM and CNC Maho universal milling machines. Under the leadership of experienced engineers, including Vishal M Shah, GTL continues to prioritise quality and innovation, solidifying its reputation in the tooling industry.
Gujarat Toolroom Limited has a majority stake held by the public at 72.75 percent, domestic institutional investors at 0.10 percent, and the FII at 27.15 percent as of October 2024.
Gujarat Toolroom Limited’s revenue from operations has increased by 78.5 percent from Rs. 555 crore in FY23 to Rs. 991 crore in FY24. The company’s net profit has increased from Rs. 73 crore in FY23 to Rs. 118 crore in FY24, which has grown by 61.6 percent.
With a market capitalisation of Rs. 233.97 crores, Gujarat Toolroom Limited’s share price closed at Rs. 14.61 per equity share.
2. Sera Investments & Finance India Ltd
Founded in 1985, Sera Investments & Finance India Ltd operates as a non-banking financial company (NBFC) and is listed on the Bombay Stock Exchange. The company focuses on investment activities, including stock trading and providing loans and leasing services. Under the guidance of Managing Director Shweta Shah, Sera Investments has demonstrated resilience in its financial performance and continues to enhance its market position through strategic initiatives.
Based in Ahmedabad, Gujarat, it regularly updates stakeholders on financial results, ensuring transparency and compliance. Its recent developments include the approval of un-audited standalone financial results for the quarter ending September 2024, reflecting the company’s commitment to consistent growth and prudent management within the financial sector.
Sera Investments & Finance India Limited has a majority stake held by the promoters at 56.05 percent, the public at 29.27 percent, and the FII at 14.68 percent as of October 2024.
Sera Investments & Finance India Limited’s revenue from operations has turned from negative Rs. 1 crore in FY23 to Rs. 23 crore in FY24. The company’s net profit has also turned from negative Rs. 14 crore in FY23 to Rs. 18 crore in FY24.
With a market capitalisation of Rs. 239.01 crores, Sera Investments & Finance India Limited’s share price closed at Rs. 36.77 per equity share.
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3. Mercury Trade Links Ltd
Mercury Trade Links Ltd, incorporated in 1985, specialises in agricultural trading, focusing on fertilisers, pesticides, and various grains and seeds. The company operates as a publicly traded entity on the Bombay Stock Exchange (BSE). Its product range includes insecticides, herbicides, rice, maize, and cotton seeds. Led by Chairman Ayushi Arvish Shah and Managing Director Aashray Lakhani, Mercury Trade Links is expanding its market presence through strategic initiatives, such as a rights issue worth ₹9.90 crores at ₹40 per share.
The company remains active in corporate actions and financial reporting, aiming to strengthen its position in agricultural trading while exploring growth opportunities in the evolving agro-sector.
Mercury Trade Links Limited has a majority stake held by the public at 77.97 percent and the FII at 22.04 percent as of October 2024.
Mercury Trade Links Limited’s revenue from operations has increased by 2781 percent from Rs. 0.48 crore in FY23 to Rs. 13.83 crore in FY24. The company’s net profit has increased from Rs. 0.01 crore in FY23 to Rs. 1.14 crore in FY24, which has grown by 11,300 percent.
With a market capitalisation of Rs. 104.24 crores, Mercury Trade Links Limited’s share price closed at Rs. 76.58 per equity share.
4. Standard Industries Ltd
Founded in 1892, Standard Industries Ltd is a distinguished Indian holding company headquartered in Navi Mumbai. It operates primarily in the textiles and chemicals sectors, with additional interests in property management and trading.
The company offers a diverse range of products, including cotton towels, bedsheets, fabrics, and ready-to-stitch Punjabi suits, along with common salt production via its subsidiary, Standard Salt Works Ltd. With over a century of expertise, Standard Industries continues to pursue innovation and sustainability, empowering its workforce to drive operational excellence. The company remains focused on diversifying its portfolio to enhance shareholder value and navigate market challenges.
Standard Industries Limited has a majority stake held by FII at 38.86 percent, the public at 36.80 percent, and the promoters at 20.31 percent as of October 2024.
Standard Industries Limited’s revenue from operations has increased by 25.8 percent from Rs. 21.10 crore in FY23 to Rs. 26.55 crore in FY24. The company’s net profit went from a positive Rs. 21.66 crore in FY23 to negative Rs. 1.14 crore in FY24.
With a market capitalisation of Rs. 165.84 crores, Standard Industries Limited’s share price closed at Rs. 25.78 per equity share.
Written By Fazal Ul Vahab C H
Disclaimer
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