Investment activities of Foreign Institutional Investors (FIIs) are closely tracked by various analysts and other entities as it build the confidence of the retail investors present in the market.
Listed below are three stocks in which FIIs sold their stake by up to 9.41 percent during the quarter ended December 2023:
KBC Global Limited
With a market capitalization of Rs 226.12 crores, the stocks of KBC Global Limited, engaged in the business of real estate construction, civil contracts, and related activities, started their trading session on Monday at Rs 2.25 and currently trade at Rs 2.35, hitting its 5 percent upper circuit.
During the recent financial quarters, the FIIs trimmed their stake in the company by around 5.14 percent, viz, from 7.87 percent holding during the September 2023 quarter to 2.73 percent during the December 2023 quarter.
Ratnaveer Precision Engineering Limited
With a market capitalization of Rs 569.14 crores, the stocks of Ratnaveer Precision Engineering Limited, associated with the business of manufacturing and selling stainless steel products, started their trading session on Monday at Rs 119.80 and currently trade at Rs 117.35, slipping approximately 1 percent compared to the previous close of Rs 118.55 apiece.
During the recent financial quarters, the FIIs trimmed their stake in the company by around 6.65 percent, viz, from 10.47 percent holding during the September 2023 quarter to 3.82 percent during the December 2023 quarter.
Vikas Ecotech Limited
With a market capitalization of Rs 543.69 crores, the stocks of Vikas Ecotech Limited, engaged in the business of manufacturing specialty chemicals, started their trading session on Monday at Rs 4.21 and currently trade at Rs 4.22, gaining approximately 1.20 percent compared to the previous close of Rs 4.17 apiece.
During the recent financial quarters, the FIIs trimmed a majority of their stake in the company summing up to 9.41 percent, viz, from 9.42 percent holding during the September 2023 quarter to 0.01 percent during the December 2023 quarter.
Written by Amit Madnani
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