Many investors believe that it is a good sign when companies have a high promoter holding. It indicates that the promoters are confident about the company’s future and therefore continue to hold a high stake, or increase their stake from time-to-time. However, a few companies may have low or no promoter holding if they are professionally managed.
On the other hand, high FII holding also sends a good signal to investors, as FIIs invest in companies after conducting thorough research. In fact, they have strong research teams for this purpose.
Here are a few companies in which FII holding is higher than promoter holding:
360 ONE WAM
360 ONE WAM (formerly IIFL Wealth Management), is one of the largest private wealth management firms in India. The company mainly acts as a wealth manager and provides services relating to financial product distribution, advisory, and portfolio management services by mobilising funds and assets of various classes of investors including high-networth individuals.
The company’s promoters hold a 21.46 percent stake in it while FIIs hold a 63.93 percent stake in it. 360 One Wam is a mid-cap company with a market capitalization of ₹ 17,883 crores and its shares were trading at ₹ 517.95 apiece during early trades on Tuesday.
Axis Bank
Axis Bank is the third largest private sector bank in India. It offers the entire spectrum of financial services to customer segments covering Large and mid-corporates, MSME, agriculture and retail businesses.
As per its latest shareholding pattern, FIIs hold a 52.00 percent stake in the bank, while its promoters hold an 8.19 percent stake in it. Axis Bank is a large-cap company with a market capitalization of ₹ 3,02,575 crores and its shares were trading at ₹ 981.20 apiece
Apollo Hospitals Enterprise
Apollo Hospitals was India’s first corporate hospital and is acclaimed for pioneering the private healthcare revolution in the country. It has emerged as Asia’s foremost integrated healthcare services provider and has a robust presence across the healthcare ecosystem, including hospitals, pharmacies, primary care & diagnostic clinics and several retail health models.
FIIs hold a 47.93 percent stake in the bank, while its promoters hold a 29.33 percent stake in it. Apollo Hospitals Enterprise is a large-cap company with a market capitalization of ₹ 69,348 crores and its shares were trading at ₹ 4976.50 apiece.
AU Small Finance Bank
AU Small Finance Bank is engaged in providing a range of banking and financial services including retail banking, wholesale banking, treasury operations and other services.
As per its latest shareholding pattern, FIIs hold a 41.58 percent stake in the bank, while its promoters hold a 25.53 percent stake in it. AU Small Finance Bank is a mid-cap company with a market capitalization of ₹ 47,909 crores and its shares were trading at ₹ 719.85 apiece.
Sona BLW Precision Forgings
Sona BLW Precision Forgings is an automotive technology company engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction motors across all vehicle categories.
The company’s promoters hold a 29.76 percent stake in it while FIIs hold a 31.68 percent stake in it. Sona BLW Precision Forgings is a mid-cap company with a market capitalization of ₹ 34,133 crores and its shares were trading at ₹ 589.65 apiece.
Written by Simran Bafna
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