Apart from the operational performance of a company, it is also important to keep an eye on how foreign investors are carrying out their investing activities in the company.
In a fast-paced developing economy like India, the FII investments have been observed to be increasing due to various factors such as investment frameworks, interest rates globally, etc.
Listed below are 2 stocks under the ‘Large-cap’ category which attracted investments from Foreign Institutional Investors (FIIs) during the quarter ended June 2023:
Max Healthcare Institute Limited
The shares of Max Healthcare Institute Limited closed at Rs 611.55 in Wednesday’s trading session gaining around 1.30 percent as compared to the previous closing levels of Rs 603.90. The company has a market capitalization of Rs 59,407 crores.
On a QoQ basis, Foreign Institutional Investors (FIIs) have increased their stake in the company by 7.93 percent, i.e., from 51.96 percent during the March 2023 quarter to 59.89 percent during the June 2023 quarter.
Max Healthcare Institute Limited is a healthcare service provider with tie-ups with third-party healthcare providers who are engaged in providing pathology, radiology, and clinical services.
HDFC Asset Management Company Limited
The shares of HDFC Asset Management Company Limited closed at Rs 2,408.10 in Wednesday’s trading session gaining around 1.50 percent as compared to the previous closing levels of Rs 2,372.25. The company has a market capitalization of Rs 51,405 crores.
On a QoQ basis, Foreign Institutional Investors (FIIs) have increased their stake in the company by 5.49 percent, i.e., from 7.50 percent during the March 2023 quarter to 12.99 percent during the June 2023 quarter.
HDFC Asset Management Company Limited is engaged in the business of providing advisory as well as portfolio management services to its clients. The company, observing the statistics, derives a majority of its revenue from domestic operations within India.
Written by Amit Madnani
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