Foreign investors are betting on these 4 shares, price is less than Rs 35, one has upper circuit

Despite the decline in the Indian Stock Market, foreign investors (FIIs) have increased their stake in some cheap shares. These include many such shares whose price is less than Rs 35. Let us know about these shares, which can prove interesting for investors.

Bajaj Hindusthan Sugar Ltd

Foreign investors have increased their holding in this company of sugar and ethanol sector from 2.63% to 4.32%. The market cap of the company is Rs 4,384 crore and its PE ratio is 139.71. This stock has given returns of more than 400% in the last five years. Domestic institutional investors have also shown interest in it and have held 7.99% stake. Till the time of writing the news, the price of this share was Rs 33.67.

Srestha Finvest Ltd

Microcap penny stock Shrestha Finvest has attracted the attention of foreign investors. Its price is only Rs 0.63 and FII has acquired 0.53% stake in it, which is equivalent to 86,69,122 shares. The low price and foreign backing make it a potentially attractive option for investors. This is the reason why this stock has entered upper circuit today.

Pritika Auto Industries Ltd

FII has increased its stake in this company manufacturing automotive parts and engineering goods from 4.07% to 7.27% in Q2 FY25. Its market cap is Rs 406 crore. This share has touched a minimum level of Rs 22.89 and a maximum level of Rs 53.50 in the last one year. Till the time of writing the news, its share was trading at Rs 26.44.

Mishtann Foods Ltd

Established in 1981, this company has made its place in the production of rice, wheat and other grains. Foreign investors have increased their holding in this company from 2.79% to 5.63%. The company is not burdened with debt and its market cap is Rs 1,519 crore. Till the time of writing the news, the price of one share of this company was Rs 14.09.

Increasing stake in these cheap shares by foreign investors indicates that these companies can perform well in the future. However, before investing, one must check the financial position of the companies and other market conditions.

Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)

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