In the third quarter of fiscal year 2024 (Q3FY24), Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) increased their holding stake in several semiconductor stocks
Editorial Team / February 3, 2024 / International, Semiconductor News1 / Comment
Introduction:
The semiconductor industry, often referred to as the “brain” of modern technology, plays a crucial role in powering various digital devices and the interconnected world we live in. In the third quarter of fiscal year 2024 (Q3FY24), Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) increased their holding stake in Semiconductor Companies. Let’s delve into three Semiconductor Companies attracting Foreign Investment and their performance during this period.
Top 3 Companies Semiconductor Companies Attracting Foreign Investment
1. Kaynes Technology India Limited:
Kaynes Technology India is a leading integrated electronics manufacturing company providing end-to-end and IoT solutions. With a market capitalization of Rs. 18,053 Crores, the company’s shares were trading at Rs. 2,829.95 in Q3FY24. FIIs/FPIs increased their holding from 9.90 percent to 12.71 percent during this period.
The company’s robust growth is evident in its FY23 revenue of Rs. 1,126 Crores, a 59 percent increase from FY22.
2. Moschip Technologies Limited:
Moschip Technologies is a semiconductor and system design company with a market capitalization of Rs. 1,921 Crores. In Q3FY24, FIIs/FPIs increased their stake from 0.20 percent to 2.84 percent. Despite a slight decline in share price to Rs. 102.50, the company exhibited growth in its FY23 revenue, reaching Rs. 198 Crores, a 34.35 percent increase from FY22.
3. Dixon Technologies Limited:
Dixon Technologies is engaged in manufacturing and design solutions for consumer durables, mobile phones, and more. With a market capitalization of Rs. 37,079 Crores, the company’s shares were trading at Rs. 6,200 in Q3FY24. FIIs/FPIs increased their holding from 15.66 percent to 17.41 percent during this period. Dixon Technologies demonstrated steady growth, with FY23 revenue reaching Rs. 12,192 Crores, a 13.98 percent increase from FY22.
Conclusion:
While investing in equities carries inherent risks, the increased stake of FIIs/FPIs in these semiconductor stocks during Q3FY24 reflects positive sentiments towards these companies.
Investors may find it beneficial to explore these companies further and consult their investment advisors before making any decisions. It’s crucial to conduct thorough research and exercise caution in the dynamic stock market environment.