As per data, foreign investors own about 18-20 per cent of the Indian stock market. Among them, the Foreign Institutional Investors (FIIs) are tracked the most to get a consensus about the sentiments of the foreign investors.
The Foreign Institutional Investors were on a selling spree at the beginning of the year. However, they have broken the streak and have become net buyers from the start of July.
Here are a few stocks in which the FIIs have increased their stake in the June quarter.
Max Healthcare Institute Ltd
The Foreign Institutional Investors (FIIs) have increased their stake in Max Healthcare Institute Ltd to 23.34% in the June quarter as against 14.59% in the March quarter. A year ago in the same period, FIIs held 14.05% of the company.
Max Healthcare Institute Limited is a hospital chain that owns and operates healthcare facilities across the National Capital Region (NCR) of Delhi, North India, and the western port city of Mumbai.
Axita Cotton Ltd
The Foreign Institutional Investors (FIIs) have increased their stake in Axita Cotton Ltd to 10.02% in the June quarter as against 6.04% in the March quarter. A year ago in the same period, FIIs didn’t have any stake in the company.
Axita Cotton Limited is engaged in the business of manufacturing, processing, and finishing cotton bales and cotton seeds.
DCB Bank Ltd
The Foreign Institutional Investors (FIIs) have increased their stake in DCB Bank Ltd to 12.45% in the June quarter as against 8.82% in the March quarter. A year ago in the same period, FIIs held 12.15% of the company.
DCB Bank Limited is a private sector commercial bank. Its business segments include Retail, SME, Corporate, Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-operative Banks, and Non-Banking Finance Companies (NBFC).
VRL Logistics Ltd
The Foreign Institutional Investors (FIIs) have also increased their stake in VRL Logistics Ltd to 5.37% in the June quarter as against 3.62% in the March quarter. A year ago in the same period, FIIs held 2.2% of the company.
VRL Logistics Limited is an Indian conglomerate is one of the large logistics and transport companies and also the single largest fleet owner of commercial vehicles in the country.
One 97 Communications Paytm Ltd
The Foreign Institutional Investors (FIIs) have also increased their stake in One 97 Communications Paytm Ltd to 5.45% in the June quarter as against 4.42% in the March quarter. In December 2021, FIIs held 9.36% of the company.
One97 Communications (OCL) is the parent entity of the leading Indian mobile payments and financial services company Paytm, which offers a range of digital payment and financial services to consumers and merchants in India.
Written By – Anoushka Roy
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