In the first quarter of the year, Foreign Institutional Investors (FIIs) increased their stake in several penny stocks. Let’s take a look at the top 5 penny stocks that saw a rise in FII ownership.
1. ABC Ltd.: ABC Ltd. witnessed a significant increase in FII stake in Q1. This penny stock caught the attention of FIIs due to its growth potential and attractive valuation.
2. XYZ Ltd.: Another penny stock that FIIs increased their stake in is XYZ Ltd. FIIs were attracted to this stock due to its strong fundamentals and promising future prospects.
3. LMN Ltd.: LMN Ltd. also saw a rise in FII ownership in the first quarter. FIIs showed interest in this penny stock due to its consistent performance and positive outlook in the market.
4. PQR Ltd.: PQR Ltd. was another penny stock that FIIs increased their stake in Q1. FIIs were impressed by the company’s financial health and growth opportunities.
5. RST Ltd.: Lastly, RST Ltd. witnessed a surge in FII ownership in the first quarter. FIIs were drawn to this penny stock due to its solid business model and potential for expansion.
Overall, these top 5 penny stocks saw an increase in FII ownership in Q1, indicating confidence from foreign investors in their growth prospects. Investors may want to keep an eye on these stocks for potential opportunities in the future.