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A foreign institutional investor (FII) is a registered investor who makes investments in a different country. In India, the term “foreign institutional investor” commonly refers to foreign corporations investing in the country’s financial markets. 

Here are Four Stocks in which FIIs decreased their stake up to 1.88 % in Q3FY24 from Q2FY24: 

Container Corporation Of India Ltd 

Container Corporation Of India (CONCOR) is in the business of providing inland rail transportation for containers. It also includes the management of ports, air cargo complexes, and cold chains. 

With a market capitalization of Rs 56,225.68 crore, the shares closed at Rs 922.80 per share, decreased around 1.39 percent as compared to the previous price of Rs 935.80 apiece. 

Foreign institutional investors decreased their stake in the company by 1.14 percent,i.e., from 20.69 percent in Q2FY24 to 19.55 percent in Q3FY24. As of the December quarter of FY 23-24, the promoters hold a 54.80 percent stake, while retail investors hold a 2.77 percent stake in the company. 

Maruti Suzuki India Ltd 

Maruti Suzuki India Limited manufactures, purchases, and sells motor cars, components, and spare parts. The company primarily manufactures and sells passenger and commercial cars. 

With a market capitalization of Rs 3.43 lakh crore, the shares closed at Rs 10,931.55 per share, increased around 0.77 percent as compared to the previous price of Rs 10,848.55 apiece. 

Foreign institutional investors decreased their stake in the company by 1.25 percent,i.e., from 21.85 percent in Q2FY24 to 20.60 percent in Q3FY24. As of the December quarter of FY 23-24, the promoters hold a 58.19 percent stake, while retail investors hold a 3.50 percent stake in the company. 

Adani Power ltd 

Adani Power (APL), part of the diversified Adani Group, is India’s largest private thermal power generator. The company and its subsidiaries sell electricity generated by these projects through a combination of long-term and short-term electricity Purchase Agreements, as well as on a merchant basis. 

With a market capitalization of Rs 2.19 lakh crore, the shares closed at Rs 568.45 per share, increased around 3.62 percent as compared to the previous price of Rs 548.60 apiece. 

Foreign institutional investors decreased their stake in the company by 1.65 percent,i.e., from 17.51 percent in Q2FY24 to 15.86 percent in Q3FY24. As of the December quarter of FY 23-24, the promoters hold a 71.75 percent stake, while retail investors hold an 11.20 percent stake in the company. 

Dabur India Ltd 

Dabur India Limited is an FMCG firm. The company’s segments include consumer care, food, retail, and others. The Consumer Care business category includes home care, personal care, and health care. 

With a market capitalization of Rs 95,193.82 crore, the shares closed at Rs 537.20 per share, increased around 0.82 percent as compared to the previous price of Rs 532.85 apiece. 

Foreign institutional investors decreased their stake in the company by 1.88 percent,i.e., from 18.37 percent in Q2FY24 to 16.49 percent in Q3FY24. As of the December quarter of FY 23-24, the promoters hold a 66.25 percent stake, while retail investors hold a 5.54 percent stake in the company. 

Written by:- Abhishek Singh

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