The Nifty Next 50 is an index from the National Stock Exchange (NSE), that represents the performance of the next 50 stocks that come after the top 50 stocks (Nifty 50). These stocks are classified on the basis of their free-float market capitalization and have the potential to be included in the Nifty 50.
Foreign Institutional Investors (FIIs) generally hold equity positions in certain stocks. These companies tend to have improved capital structures due to healthy inflow of funds. They help to facilitate financial innovation and growth in capital markets.
Here are five Nifty Next 50 stocks with high FII holdings:
Godrej Consumer Products Ltd.
Godrej Consumer Products is a fast-moving consumer goods company, manufacturing and marketing household and personal care products. The company’s shares were trading at ₹ 915 levels on Tuesday and it has a market capitalization of ₹ 93,612 crores. Its share price has increased by 28.92% in the past year and FIIs hold a 24.04% stake in it.
Havells India Ltd
Havells India is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence. The company’s shares were trading at ₹ 1177 levels on Tuesday and it has a market capitalization of ₹ 75,518 crores. Its share price has increased by 7.43% in the past year and FIIs hold a 22.60% stake in it.
GAIL (India) Ltd.
GAIL is a government of India undertaking and an integrated natural gas company. The company’s shares were trading at ₹ 110 levels on Tuesday and it has a market capitalization of ₹ 72,458 crores. Its share price has increased by 8.35% in the past year and FIIs hold an 18.04% stake in it.
Bharat Electronics Ltd.
Bharat Electronics is a state-owned aerospace and defence company with about nine factories and several regional offices in India. The company’s shares were trading at ₹ 92 levels on Tuesday and it has a market capitalization of ₹ 67,506 crores. Its share price has increased by 32.28% in the past year and FIIs hold a 17.34% stake in it.
PI Industries Ltd.
PI Industries Ltd. is a leading player in the agrochemicals space having a strong presence in both domestic and export markets. The company’s shares were trading at ₹ 3030 levels on Tuesday and it has a market capitalization of ₹ 45,744 crores. Its share price has increased by 13.08% in the past year and FIIs hold an 18.60% stake in it.
A few other stocks in which FIIs have a significant holding are One 97 Communications Ltd.( 72.8%), Zomato Ltd. (56.74%), Bandhan Bank Ltd.(32.39%), Info Edge (India) Ltd.(31.87%), Indus Towers Ltd. (26.6%) and Marico Ltd. (25.07%).
Written by Simran Bafna
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