When we keep a track of stocks, knowing who has the highest or significantly high holdings can provide insights into material information about a company. When FIIs and DIIs have a significant shareholding, it sends out a positive signal.
These institutional holders take exposure to equity after a thorough analysis of a company’s fundamentals and meeting the management. Tracking their shareholding in companies goes a long way in helping you make decisions.
In this article, we shall take a look at the top stocks in which the DIIs hold a significant stake.
ICICI Bank Limited
DIIs include mutual funds, insurance companies, local pension funds, banks and financial institutions. As far as ICICI Bank is concerned, DIIs hold a 44.81% stake in the company.
The DIIs that have a stake in ICICI Bank are:
- The Life Insurance Corporation of India (7.92%)
- SBI Mutual Fund (5.88%)
- ICICI Prudential Mutual Fund (3.55%)
- HDFC Mutual Fund (2.62%)
- NPS Trust (2.28%)
- UTI Mutual Fund (1.99%)
- Kotak Mahindra Mutual Fund (1.95%)
- Nippon India Mutual Fund (1.78%)
- Axis Mutual Fund (1.72%)
- Mirae Asset Mutual Fund (1.52%)
- SBI Life Insurance Company Limited (1.25%)
The other shareholders of ICICI Bank are FIIs (43.95%), Public (11.22%), and others (0.02%). It can be seen that the promoters hardly have a stake in the company.
ICICI Bank offers a wide range of banking products and services to corporate as well as retail customers through a variety of delivery channels and through its group companies.
Targets
Emkay Global
It has given a buy call on the shares of ICICI Bank with a target price of ₹ 1025 and a time period of one year. The share is currently trading at ₹ 758.00, which translates to an upside of 35.22%.
Edelweiss
It has maintained a ‘buy’ recommendation on the stock with a target price of 945, implying an upside of 24.67%.
Kotak Securities
They have maintained a ‘buy’ recommendation with a target price of ₹975. This translates to an upside of 28.63%.
Motilal Oswal
The brokerage has maintained a ‘buy’ rating with a target price of ₹1050 per share thereby indicating an upside of 38.52%.
Prabhudas Liladher
The brokerage firm has revised its SOTP based target price to Rs 950 from Rs 906 per share. This translates to an upside of 25.32%.
Credit Suisse
The brokerage firm has an outperform rating and has raised its target to ₹870 apiece. This implies an upside of 14.77%.
Goldman Sachs
They have maintained a buy rating with a target price of ₹ 938. This indicates an upside of 23.74% as compared to its CMP at the time of writing this article.
Companies with high DII holdings
| Company | DII Holdings (%) |
| UTI Asset Management Company Ltd | 83.26 |
| Max Financial Services Ltd | 54.02 |
| ICICI Bank Ltd | 44.81 |
| Crompton Greaves Consumer Electricals Ltd | 44.39 |
| Yes Bank Limited | 44.01 |
| Federal Bank Ltd | 43.25 |
| ITC Ltd | 42.77 |
| City Union Bank Ltd | 41.22 |
| Larsen & Toubro Limited | 33.49 |
| IPCA Laboratories Ltd | 32.70 |
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
