Unraveling the Market Winners of May 31, 2023
Well, folks, it’s the end of May, and what a day it has been in the stock market! Foreign Institutional Investors (FIIs) were on a shopping spree like never before, making it the month’s highest buy value day. The question on everyone’s mind is, “Where did they put their money?” Let’s turn on our financial detective hats and attempt to unravel this mystery. FIIs Grand Purchase Fiesta.
FIIs net purchased to the tune of whopping ₹65,024.36 crores, outdoing the Domestic Institutional Investors (DII) by a significant margin. So, where did all this money flow? Let’s zoom into the Group A and Group B stock gainers of the day and try to decode the FII’s investment strategy.
In the limelight of Group A stocks, Jindal Saw was a superstar, with an impressive surge of 15.62% – the highest for the day. Close on its heels, we saw Suzlon Energy Ltd. and Tega Industries, which were up by 10.03% and 10.00%, respectively. A bit further down the list, we saw significant surges for Indo Count Inds. (+9.63%), Eureka Forbes (+9.39%), and Craftsman Automation (+9.26%). Remember that stellar blog post we did on Tega Industries? It seems the FIIs were paying attention!
Meanwhile, in the land of Group B stocks, Kaushalya Infrastructure, V2 Retail, and Arman Financial Services were basking in their 20% surge – the cap for the day. Bhartiya Interna and Archies Ltd. followed the leader, marking 19.99% and 15.76% respectively.
Now, does this mean FIIs dumped their money into these rising stars? Not necessarily, but these stellar performances could have very well caught their keen eyes. Keep in mind, these institutional players have an array of strategies and information that help them make their investment decisions. But today’s big winners do give us a sense of where the winds might have been blowing.
As always, it’s essential to do your research and consult with a financial advisor before making any investment decisions. But one thing is clear, watching the FIIs can certainly provide some interesting insights into the market’s potential directions. So, keep those eyes peeled, folks!
Skyrocketing Stocks: The 7% Club
In an exciting turn of events, a remarkable set of stocks surged by over 7% on May 31, 2023. This isn’t a feat every stock can claim, so let’s give a round of applause to these market standouts:
Group A Stocks:
- Jindal Saw (+15.62%)
- Suzlon Energy Ltd. (+10.03%)
- Tega Industries (+10.00%)
- Indo Count Inds. (+9.63%)
- Eureka Forbes (+9.39%)
- Craftsman Automation (+9.26%)
- G R Infraprojects (+8.34%)
- Spandana Sphoorty Fi (+8.24%)
- Arvind Ltd. (+7.58%)
- Torrent Pharma (+7.55%)
- AstraZeneca Pharma I (+6.90%)
Group B Stocks:
- Kaushalya Infrastruc (+20.00%)
- V2 Retail (+20.00%)
- Arman Financial Serv (+20.00%)
- Bhartiya Interna (+19.99%)
- Archies Ltd. (+15.76%)
- Shree Ganesh Remedie (+14.75%)
- Sree Rayalaseema Hi- (+13.69%)
- Palm Jewels (+12.25%)
- NRB Bearings Lim (+11.68%)
- Somi Conveyor Beltin (+10.57%)
- Pressman Advertising (+10.00%)
- IZMO (+10.00%)
- Vaksons Automobiles (+9.95%)
- Khaitan (India) (+9.95%)
- IL&FS Investment Man (+9.77%)
- Cambridge Technology (+9.57%)
- Chemfab Alkalis (+9.11%)
- Expleo Solutions (+8.99%)
- Revathi Equipment Lt (+8.88%)
- Manaksia Ltd. (+8.61%)
- Sanghvi Movers L (+8.34%)
- Himatsingka Seid (+8.16%)
- NMDC Steel (+7.71%)
- Arihant Superstructu (+7.56%)
- Balaji Telefilms Ltd (+7.34%)
- Tips Industries (+7.13%)
- DB Corp (+7.10%)
- Dev Information Tech (+7.07%)
- Goodluck India (+6.96%)
- TD Power Systems Ltd (+6.83%)
- Talbros Auto. (+6.76%)
This substantial upward surge in these stocks makes them the heroes of the day. Congratulations to all the investors who held these stocks in their portfolios. Until next time, keep an eye out for these market movers and shakers!
To quote the famous investor Peter Lynch, “The real key to making money in stocks is not to get scared out of them.” So, let’s put on our brave faces and get ready to embrace the ever-thrilling roller coaster ride that is the stock market!
Until next time, happy investing!
P.S. If you’re interested in understanding the financial dynamics of Indo Count Industries, do give our previous blog post a read. It’s quite an eye-opener!
