Foreign institutional investors (FIIs) are seeing little value in state-owned banks and capital goods companies. The shareholding pattern for the December quarter of BSE-500 companies shows that FIIs have pared stake in a dozen state-owned banks listed on the exchanges.
FIIs also don’t seem to be buying the capex cycle revival story as they have cut stake in at least 17 capital goods companies. Their bearish stance on PSU banks and the capital goods sector seems to be in contrast with the domestic mutual fund’s (MF’s) outlook on these segments. While FIIs have cut stake in ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked.
What you get?
ON BUSINESS STANDARD DIGITAL
- Unlimited access to all the content on any device through browser or app.
- Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
- Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
- Track the industry of your choice with a daily newsletter specific to that industry.
- Stay on top of your investments. Track stock prices in your portfolio.
- 18 years of archival data.
- Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
- This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information