Business IdeasFIIs hike holdings in 25 Sensex cos in Q1
Foreign Institutional Investors raised their holdings in as many as 25 Sensex companies in the first quarter of the current fiscal, riding on positive global cues and a decisive verdict in the general elections.
- FIIs net sellers Rs 792cr in F&O on Friday - FIIs net sellers of Rs 792 cr in F&O on Friday - FII-TO-FII TRADES: PNB traded at 4% premium - FIIs net sell Rs 1,051cr, DIIs net buy Rs 414cr - FIIs net sellers Rs 311cr in F&O on Thursday - FIIs net sell Rs 371cr, DIIs net buy Rs 257cr
Realty major DLF saw the highest increase of over nine per cent in foreign holdings in the first quarter of this fiscal compared to the previous quarter.
According to an analysis of shareholding patterns of Sensex companies for the first quarter, 25 firms among the 30-share benchmark index Sensex saw an increase in their FII holdings in June quarter compared to the previous quarter.
"Latest data released for the June 9 quarter indicates that FIIs continue to adopt a more aggressive portfolio stance. Positive global cues and a decisive verdict in the national elections appear to have buoyed the sentiment," financial service provider JP Morgan said in a report.
FIIs increased their stake in the country"s biggest realty player, DLF, to 15.4 per cent at the end of June quarter from 6.24 per cent in the fourth quarter of previous fiscal. When compared with the corresponding period a year ago, FII stake in DLF has increased as much as 8.85 per cent.
Other Sensex firms which saw a rise in foreign investor holdings include Larsen & Toubro (by 3.81 per cent), HDFC Bank (by 2.48 per cent), Reliance Infra (by 3.06 per cent) and Reliance Comm (by 1.96 per cent).Further, 11 Sensex companies managed to see an increase in the FII holdings, but the hike was less than one per cent in each firm.
IT bellwether Infosys Technologies saw FII holdings in the company increasing by 0.8 per cent to 35.66 per cent, country"s top private sector lender ICICI Bank saw FII holding rise by 0.71 per cent to 36.18 per cent and diversified conglomerate ITC by 0.1 per cent to 13.74 per cent.
As compared with the last quarter, corporate behemoth Reliance Industries saw holdings of foreign investors in the firm rising marginally by 0.46 per cent, while private telecom services provider Bharti Airtel witnessed a fall of 1.14 per cent in the FII stake.
Other Sensex firms which saw a rise in foreign investor holdings are HDFC by 0.07 per cent, SBI (by 1.02 per cent), ONGC (by 0.2 per cent), BHEL (by 0.04 per cent), TCS (by 1.2 per cent), and Maruti Suzuki (by 1.37 per cent).
Further, Tata Steel, Tata Power, Grasim Industries, Sterlite Industries, Hero Honda Motors, Wipro, Hindalco, Tata Motors, Sun Pharmaceuticals and ACC Ltd were other firms which saw an increase in FII holdings.
Meanwhile, FIIs reduced their stake marginally in five Sensex companies- Bharti Airtel, Hindustan Unilever Limited (HUL), NTPC, Mahindra and Mahindra and Jaiprakash Associates, the shareholding information on the exchanges reveals.
Overall FIIs have invested in equities worth over Rs 30,455 crore in the first quarter of this fiscal.