100 stocks that FIIs lapped up through Jan-March quarter: Do you own any?
As foreign portfolio investors (FPIs) returned to Dalal Street in a big way after the yearend slowdown, more than 50 per cent of BSE500 companies witnessed a rise in FII holdings.
Of around 250 index companies, whose March-end shareholding details are now available, 140 showed a rise in FII holding.
Financial stocks emerged top favourites of FIIs during the quarter, with as many as 20 banking and NBFC stocks showing a rise in their holdings. Pharma stocks, many of which have been going through regulatory headwinds amid tighter scrutiny by the USFDA, also witnessed strong FII interest with 12 of them showing a rise in overseas portfolio investors’ holdings.
Data available with corporate database Capitaline as of April 16 showed FIIs increased holding in HDFC Bank from 31.95 per cent as of December 31, 2016 to 34.35 per cent as of March 31, 2017. HDFC saw FII holding go up to 77.27 per cent from 76.42 per cent during the same period.
Among other banking players, FIIs stake went up in Kotak Mahindra Bank (from 36.84 per cent to 38.56 per cent), Axis Bank (47.26 per cent to 48.24 per cent), South Indian Bank (34.82 per cent to 35.37 per cent) and DCB Bank (22.21 per cent to 23.55 per cent).
FIIs also showed strong interest in the country’s largest lender, State Bank of India, even as the bank readied for the mega merger of five associate banks and Mahila Bank. FII holding in the lender went up from 9.25 per cent at the end of Q3 of FY17 to 9.33 per cent at the end of Q4FY17.
Among others, IDBI Bank, Bank of Baroda, Central Bank and J&K Bank also saw good interest from FIIs during the quarter.
Among NBFCs, FIIs increased holdings in LIC Housing Finance, CanFin Homes, GIC Housing Finance and L&T Finance.
In the pharma space, FIIs increased stake in Ajanta Pharma and Caplin Point Lab from 10.43 per cent and 4.55 per cent in Q3FY17 to 10.93 per cent and 5.19 per cent, respectively, in Q4FY17. They also raised their holding in Glenmark Pharma (from 34.38 per cent to 34.76 per cent) and Natco Pharma (from 16.76 per cent to 19.41 per cent).
FMCG majors Dabur (from 19.84 per cent to 19.98 per cent) and HUL (up from 13.14 per cent to 13.26 per cent) remained among the top picks of FIIs during the quarter.
In the auto and auto ancillary space, FPIs increased holdings in Force Motors, TVS Motor, Ashok Leyland, Minda Industries and Endurance Technologies.
Shree Cement, Prism Cement and The Ramco Cement also emerged FIIs favourites from the cement sector while HCL Infosystems, OFSS, Tata Elxsi, Sonata Software, L&T Infotech and Intellect Design drew strong FII interest from the IT sector.
In the textiles space, FPIs increased stakes in Trident, Welspun India, Arvind and Indo Count Industries.
FII inflows to domestic equities improved significantly during Q4FY17 after the grand success of the ruling BJP in the state elections, which raised expectation of more economic reforms in the coming months.
During the fourth quarter, FIIs poured in Rs 40,052 crore in domestic equities compared net outflow of Rs 30,727 crore in the sequential quarter ended December 31, 2016.
In January, foreign portfolio investors (FPIs) offloaded shares worth Rs 1,177 crore, but they bought stocks worth Rs 9,902 crore in February and Rs 30,906 crore in March.
Brokerage Angel Broking said political stability and improving consumer sentiment have improved prospects for the domestic economy. The brokerage expects further improvement in foreign as well as domestic institutional inflows in the days ahead, signalling better investor sentiment.
Stewart & Mackertich in a research report said, “A favourable Union Budget in February and other positive factors like the surprise outcome in state elections attracted FIIs to invest in domestic equities in March 2017.”
Of around 250 index companies, whose March-end shareholding details are now available, 140 showed a rise in FII holding.
Financial stocks emerged top favourites of FIIs during the quarter, with as many as 20 banking and NBFC stocks showing a rise in their holdings. Pharma stocks, many of which have been going through regulatory headwinds amid tighter scrutiny by the USFDA, also witnessed strong FII interest with 12 of them showing a rise in overseas portfolio investors’ holdings.
Data available with corporate database Capitaline as of April 16 showed FIIs increased holding in HDFC Bank from 31.95 per cent as of December 31, 2016 to 34.35 per cent as of March 31, 2017. HDFC saw FII holding go up to 77.27 per cent from 76.42 per cent during the same period.
Among other banking players, FIIs stake went up in Kotak Mahindra Bank (from 36.84 per cent to 38.56 per cent), Axis Bank (47.26 per cent to 48.24 per cent), South Indian Bank (34.82 per cent to 35.37 per cent) and DCB Bank (22.21 per cent to 23.55 per cent).
FIIs also showed strong interest in the country’s largest lender, State Bank of India, even as the bank readied for the mega merger of five associate banks and Mahila Bank. FII holding in the lender went up from 9.25 per cent at the end of Q3 of FY17 to 9.33 per cent at the end of Q4FY17.
Among others, IDBI Bank, Bank of Baroda, Central Bank and J&K Bank also saw good interest from FIIs during the quarter.
Among NBFCs, FIIs increased holdings in LIC Housing Finance, CanFin Homes, GIC Housing Finance and L&T Finance.
In the pharma space, FIIs increased stake in Ajanta Pharma and Caplin Point Lab from 10.43 per cent and 4.55 per cent in Q3FY17 to 10.93 per cent and 5.19 per cent, respectively, in Q4FY17. They also raised their holding in Glenmark Pharma (from 34.38 per cent to 34.76 per cent) and Natco Pharma (from 16.76 per cent to 19.41 per cent).
FMCG majors Dabur (from 19.84 per cent to 19.98 per cent) and HUL (up from 13.14 per cent to 13.26 per cent) remained among the top picks of FIIs during the quarter.
In the auto and auto ancillary space, FPIs increased holdings in Force Motors, TVS Motor, Ashok Leyland, Minda Industries and Endurance Technologies.
Shree Cement, Prism Cement and The Ramco Cement also emerged FIIs favourites from the cement sector while HCL Infosystems, OFSS, Tata Elxsi, Sonata Software, L&T Infotech and Intellect Design drew strong FII interest from the IT sector.
In the textiles space, FPIs increased stakes in Trident, Welspun India, Arvind and Indo Count Industries.
FII inflows to domestic equities improved significantly during Q4FY17 after the grand success of the ruling BJP in the state elections, which raised expectation of more economic reforms in the coming months.
During the fourth quarter, FIIs poured in Rs 40,052 crore in domestic equities compared net outflow of Rs 30,727 crore in the sequential quarter ended December 31, 2016.
In January, foreign portfolio investors (FPIs) offloaded shares worth Rs 1,177 crore, but they bought stocks worth Rs 9,902 crore in February and Rs 30,906 crore in March.
Brokerage Angel Broking said political stability and improving consumer sentiment have improved prospects for the domestic economy. The brokerage expects further improvement in foreign as well as domestic institutional inflows in the days ahead, signalling better investor sentiment.
Stewart & Mackertich in a research report said, “A favourable Union Budget in February and other positive factors like the surprise outcome in state elections attracted FIIs to invest in domestic equities in March 2017.”
