When Foreign Institutional Investors (FIIs) increase their stake in bank stocks, it typically signals strong confidence in those companies. This often leads to positive market sentiment, potential price appreciation, and enhanced liquidity. Additionally, FIIs’ investment can attract domestic investors, who are seen as sophisticated, long-term investors.
Listed below are bank stocks in which Foreign Investors have increased their stake up to 8 percent in Q3:
1. IDFC First Bank Limited
With a market capitalization of Rs. 46,596.44 crores, the shares of IDFC First Bank Limited are trading at Rs. 63.65 per equity share, up by 0.47 percent from its previous day’s close price of Rs. 63.35.
In the shareholding pattern, the FII has increased its stake in IDFC First Bank Limited from 19.57 percent in the September quarter of 2024 to 27.12 percent stake in the December quarter of 2024, an increase of 7.55 percent.
IDFC First Bank Limited’s net interest income has increased by 23.61 percent from Rs. 3,592 crore in Q2 FY24 to Rs. 4,440 crore in Q2 FY25. The company’s net profit has decreased from Rs. 732 crore in Q2 FY24 to Rs. 340 crore in Q2 FY25, which has down by 53.55 percent.
IDFC First Bank Limited is a private sector bank headquartered in Mumbai, providing a comprehensive suite of banking services including retail, wholesale, and digital banking, with a strong emphasis on ethical and social banking practices.
2. Dhanlaxmi Bank Limited
With a market capitalization of Rs. 1,071.61 crores, the shares of Dhanlaxmi Bank Limited trading at Rs. 27.15 per equity share, hit by a 5 percent upper circuit from its previous day’s close price of Rs. 25.86.
In the shareholding pattern, the FII has increased its stake in Dhanlaxmi Bank Limited from 4.97 percent in the September quarter of 2024 to 6.95 percent stake in the December quarter of 2024, an increase of 1.98 percent.
Dhanlaxmi Bank Limited’s net interest income has increased by 8.22 percent from Rs. 183 crore in Q2 FY24 to Rs. 208 crore in Q2 FY25. The company’s net profit has increased from Rs. 23 crore in Q2 FY24 to Rs. 26 crore in Q2 FY25, which has grown by 13.04 percent.
Dhanlaxmi Bank Limited is a private sector bank based in Thrissur, India, offering a wide range of banking services, including retail and corporate banking, loans, foreign exchange, and insurance products, through its extensive branch network.
3. City Union Bank Limited
With a market capitalization of Rs. 13,282.17 crores, the shares of City Union Bank Limited are trading at Rs. 179.25 per equity share, down by 0.03 percent from its previous day’s close price of Rs. 179.30.
In the shareholding pattern, the FII has increased its stake in City Union Bank Limited from 26.01 percent in the September quarter of 2024 to a 27.44 percent stake in the December quarter of 2024, an increase of 1.43 percent.
City Union Bank Limited’s net interest income has increased by 10 percent from Rs. 810 crore in Q2 FY24 to Rs. 891 crore in Q2 FY25. The company’s net profit has increased from Rs. 253 crore in Q2 FY24 to Rs. 286 crore in Q2 FY25, which has grown by 13.04 percent.
City Union Bank Limited is a private sector bank headquartered in Kumbakonam, Tamil Nadu, providing a wide range of banking services, including retail and corporate banking, with a strong presence in urban and rural areas across South India.
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4. HDFC Bank Limited
With a market capitalization of Rs. 13,23,484.04 crores, the shares of HDFC Bank Limited are trading at Rs. 1,730 per equity share, down by 0.43 percent from its previous day’s close price of Rs. 1,737.50.
In the shareholding pattern, the FII has increased its stake in HDFC Bank Limited from 48.02 percent in the September quarter of 2024 to a 49.21 percent stake in the December quarter of 2024, an increase of 1.19 percent.
HDFC Bank Limited’s net interest income has increased by 8.49 percent from Rs. 43,242 crore in Q2 FY24 to Rs. 46,914 crore in Q2 FY25. The company’s net profit has increased from Rs. 17,718 crore in Q2 FY24 to Rs. 18,340 crore in Q2 FY25, which has grown by 3.51 percent.
HDFC Bank Limited is India’s largest private sector bank, headquartered in Mumbai, offering a comprehensive range of banking and financial services, including personal and corporate banking, loans, insurance, and investment solutions through an extensive network of branches and ATMs.
5. Karnataka Bank Limited
With a market capitalization of Rs. 6,868.56 crores, the shares of Karnataka Bank Limited are trading at Rs. 181.75 per equity share, up by 0.44 percent from its previous day’s close price of Rs. 180.95.
In the shareholding pattern, the FII has increased its stake in Karnataka Bank Limited from 10.29 percent in the September quarter of 2024 to an 11.22 percent stake in the December quarter of 2024, an increase of 0.93 percent.
Karnataka Bank Limited’s net interest income has increased by 12.84 percent from Rs. 1,285 crore in Q2 FY24 to Rs. 1,450 crore in Q2 FY25. The company’s net profit has decreased from Rs. 17,718 crore in Q2 FY24 to Rs. 18,340 crore in Q2 FY25, which has down by 14.20 percent.
Karnataka Bank Limited is a private sector bank headquartered in Mangalore, India, providing a wide range of banking services, including retail and corporate banking, with over 900 branches across the country.
Written By – Nikhil Naik
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