It supplies yarn to well-known domestic companies which in turn supply the finished product to reputed global brands like GAP, H&M, Marks & Spencer, and Tommy Hilfiger.Ĭoming to the company's shareholding, out of the total 19.8 million shares outstanding, 32.5% stake or 6.5 million shares are held by foreign investors as of December 2021. It has established relations with suppliers and buyers. The company has been in this line of business for nearly four decades. In fiscal 2021, the export income constituted around 42% of total revenues. It's also engaged in the manufacturing of knitted fabric of various blends.Īpart from catering to the domestic market, Winsome Textile also exports its products. Winsome Textile Industries is engaged in the manufacturing of 100% cotton yarn and cotton yarn blended with viscose, polyester, acrylic, linen, wool, and value-added yarns like mélange and solid dyed. Let's take a look at the penny stocks which have the highest FII shareholding. There are a few penny stocks which have high FII shareholding and even high mutual fund exposure. Mutual funds or FIIs do not usually invest in penny stocks because of the risks associated with them.īut they know for a fact that fundamentally strong penny stocks can generate stellar returns. Historically, FIIs (foreign investors) have bought into large-cap stocks.
You'll be surprised to know that even mutual funds and foreign investors have a liking for Indian penny stocks. Now, you'll think only retail individuals are crazy enough to chase penny stocks. Penny stocks offer the chance to make quick profits in a short time. The retail crowd, especially, has taken a liking to these stocks. Penny stocks have been very popular among investors ever since the bull market began in 2020. But these are the 2 general thumb rules for classifying penny stocks. There's no general definition for penny stocks in India. Penny stocks are those with a price less than Rs 100 per share and a marketcap of less than Rs 1,000 crore. Call them penny stocks or microcaps, many people just assume that they're bad.īut if selected carefully, they can give a much needed push to your portfolio. These stocks trade for low prices and have a low marketcap. Regardless of what you've heard or been advised, you can't stay away from penny stocks for long.
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