In the second quarter, retail investors actively adjusted their portfolios, leading to significant selling in several popular stocks. This trend reflects a cautious approach as small investors book profits, manage risks, and reposition their holdings in response to market volatility.
Let’s look at the top stocks in which they sold their stake
Retail shareholders reduced their holdings in HDFC Bank, Adani Power, Dixon Technologies, State Bank of India, Tata Steel, Nestle India, Hindustan Unilever, Varun Beverages, Eternal, and Canara Bank between July and September, according to data from Prime Infobase.
Here’s a more detailed look at these stocks:
Adani Power Ltd
Adani Power Ltd specialises in thermal power generation, making it India’s largest private thermal power producer, but it also has a presence in solar power generation. During the quarter, retail shareholders sold Adani Power shares worth Rs. 2,229 crore, offloading 15.48 crore shares. By the end of September, their holdings had reduced to 77.09 crore shares, down from 92.58 crore shares earlier.
Dixon Technologies Ltd
Dixon Technologies specialises in electronic manufacturing services (EMS), providing end-to-end solutions for a wide range of products, including consumer electronics, home appliances, lighting, mobile phones, wearables, and IT hardware. The stock that typically attracts significant retail interest also saw retail investors offloading shares during the quarter. They sold 11.27 lakh shares worth Rs. 1,859 crore, reducing their total holdings to 55.86 lakh shares from 67.13 lakh shares previously.
State Bank of India Ltd
State Bank of India (SBI), which specialises in a comprehensive range of banking solutions for individuals, businesses, and government entities. The retail investors also sold shares in India’s largest lender during the September quarter. They offloaded 2.17 crore SBI shares worth Rs. 1,787 crore, bringing total retail holdings down to 52.8 crore from 55 crore previously.
Tata Steel Ltd
Tata Steel Ltd specialises in the production of a wide range of steel products for various sectors, including the automotive, construction, and consumer goods industries. Retail shareholders sold Tata Group shares during the September quarter, offloading nearly 11 crore shares worth Rs. 1,760 crore. This reduced their total holdings to 209.4 crore shares from 220.2 crore previously.
HDFC Bank Ltd
HDFC Bank Ltd specialises in providing a wide range of banking and financial services, including retail and wholesale banking, treasury operations, and digital banking. The Retail shareholders sold HDFC Bank shares worth Rs. 9,361 crore during the quarter, offloading 9.61 crore shares. This brought their total holdings down to 127 crore shares from 136 crore at the end of June.
Nestle India Ltd
Nestle India Ltd specialises in the manufacturing and sale of food and beverages. The Retail shareholders sold 1.21 crore shares of Nestle India worth Rs. 1,422 crore during the September quarter. This brought their total holdings down to 16.4 crore shares from 17.6 crore previously.
Hindustan Unilever Ltd
Hindustan Unilever Limited (HUL) is India’s largest fast-moving consumer goods (FMCG) company, specialising in the manufacturing and marketing of a wide range of home care, beauty & personal care, and foods & refreshments products. The retail shareholders of HUL sold 52.4 lakh shares worth Rs. 1,334 crore. Their total holdings declined to 23 crore shares from 23.53 crore previously.
Varun Beverages Ltd
Varun Beverages Ltd specialises in manufacturing, distributing, and selling a wide range of PepsiCo beverages, including carbonated soft drinks, non-carbonated drinks, and packaged water. The Retail investors also offloaded shares of PepsiCo’s bottling partner, Varun Beverages, during the quarter. They sold 2.68 crore shares worth Rs. 1,297 crore, reducing total retail holdings to 15.57 crore from 18.25 crore previously.
Eternal Ltd
Eternal Ltd specialises in e-commerce platform services, including food delivery through Zomato, quick-commerce with Blinkit, and B2B supply chain solutions via Hyperpure. The retail shareholders booked profits by selling 4.06 crore shares worth Rs. 1,256 crore. This reduced their total holdings to 49.03 crore shares from 53.09 crore previously.
Canara Bank Ltd
Canara Bank Ltd specialises in a wide range of banking and financial services, including retail and corporate banking, digital banking solutions, investment opportunities, and services. The retail shareholders sold Canara Bank shares worth Rs. 966 crore during the quarter, bringing down their total holding to 67.42 crore shares from 75.98 crore shares earlier.
Written by Sridhar J
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