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FIIs have been increasing their stake in the firm steadily, but the majority of the increase happened in the most recent quarter. Back in the September 2023 quarter, FIIs' stake stood at 11.4%.
Shares of metals and mining firm Jai Balaji Industries have given exceptional returns to their investors in the last 1 year. The stock has delivered phenomenal returns surging over 1812 percent to ₹1,046.90 from ₹53.8 in January 2023.
The prospect of the BJP's potential re-election is generating positive expectations for sustained Capex contributing to the increased attractiveness of PSU stocks.
PSU stocks IRFC, RVNL and Mazagon Dock surged up to 13 percent in intra-day deals on Tuesday to hit their respective new highs ahead of the 2024 Interim Union Budget.
IRFC stock has surged 295 percent in the past year, nearly quadrupling investors' money. In the past two years, it has yielded a whopping 400 percent return