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Moneycontrol » News Center » Markets » Analysis
FIIs show their affection on India inc in June qtr
Published on Wed, Aug 23, 2006 at 14:01   |  Updated at Wed, Aug 23, 2006 at 14:04  |  Source : Moneycontrol.com
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Blish This

Foreign Institutional Investors, FIIs, seem to have contradicted their own behaviour in the quarter ending June. The first quarter of this fiscal had seen FIIs reducing their shareholding in 82 of the 118 BSE-500 companies, but if the entire universe of listed companies are taken, then the number of FIIs who have increased their FII limit in the quarter ending June vis-à-vis March quarter, are more than the number who have reduced their stake.

 

Out of the total 4490 listed companies, FIIs have increased their stake in 188 companies, while in 177 companies FII stake has fallen. 

 

Market experts like Deven Choksey, KR Choksey Sec and Sumit Rohra, Antique Stock Broking suggest that portfolios are seeing a churn. FIIs have made into known names and the trend is emerging towards quality.

 

Rohra said, “There is a churn going on in portfolios. After the entire fall they (FIIs) are adding on to the stocks in which they are convinced and exiting the ones in which they are not comfortable. After this fall (fall which was witnessed in May) every fund manager is buying more of his own stocks.  For example, suppose HSBC is holding a 5% in Hinduja TMT and is bullish on the stock at Rs 750 or 800, he will add on to it more rather than getting into something new. Every fund is buying more stocks which they already have as they are at attractive valuations.”

 

Surprisingly the companies in which FIIs have increased the maximum stake are mostly midcap companies. Midcap companies like Stride Acrolab, Astra Microwave, Alok Industries,  Anant Raj Inds, Era Construction have seen an increase in FII stake in the range of 11.14-38.4%.

 

While on the other hand, large caps like Union Bank, Canara Bank, HDFC, PNB,NTPC, and midcaps like Maharashtra Seamless, Sakthi Sugars, KEC Infrastructure, Aftek Infosys, have lost FII stake in the above-mentioned period. 

 

There are also some largecaps which have been favored by the FIIs. These are Nagarjuna Construction, Reliance Capital, Mahindra& Mahindra, Ranbaxy Labs, Dabur India, Nestle India, Kotak Mahindra Bank, Colgate Palmolive and etc.

 

Company

% of equity capital

 

FIIs (200603)

FIIs (200606)

Gain%

Strides Arcolab

24.59

62.99

38.4

Astra Microwave

9.56

31.28

21.72

Alok Inds.

18.74

37.32

18.58

Kopran

1.86

17.49

15.63

Anant Raj Inds.

8.28

21.09

12.81

Apollo Hospitals

31.31

42.69

11.38

Era Construction

10.05

21.19

11.14

Pitti Lamination

2.41

13.46

11.05

Valecha Eng.

3.96

14.09

10.13

Opto Circuits(I)

11.91

21.48

9.57

Lloyd Electric

3.26

12.48

9.22

Federal Bank

21.32

30.46

9.14

Hexaware

44.46

52.15

7.69

Arihant Foundatn

3.67

11.15

7.48

Mastek

21.08

27.9

6.82

ANG Auto

12.66

19.29

6.63

L G Balakrishnan

2.71

9.23

6.52

Igarashi Motors

15.54

21.72

6.18

GTL

27.49

33.61

6.12

B.L.Kashyap

7.72

13.63

5.91

Gitanjali Gems

3.81

9.55

5.74

Jyoti Structures

15.36

20.99

5.63

McDowell & Co.

19.83

25.13

5.3

Venus Remedies

3.62

8.45

4.83

Titan Inds.

10.24

14.62

4.38

Sharyans Resourc

2.42

6.68

4.26

Nag. Constructn.

13.61

17.81

4.2

Centurion BnkP

19.46

23.6

4.14

Fedders Lloyd

16.91

20.97

4.06

Matrix Labs.

16.77

20.41

3.64

Atul

10.01

13.52

3.51

Karuturi Net.

1.91

5.35

3.44

Mawana Sugars

5.39

8.78

3.39

Mcleod Russel

4.43

7.59

3.16

REI Agro

4.7

7.78

3.08

Reliance Capital

21.19

24.25

3.06

Mahindra & Mahin

14.77

17.73

2.96

Elder Pharma

26.59

29.51

2.92

Karnataka Bank

18.85

21.77

2.92

Cranes Software

33.42

36.29

2.87

Adani Exports

4.82

7.53

2.71

Natco Pharma

6.23

8.93

2.7

Sical Logistics

14.72

17.38

2.66

Financial Tech.

25.57

28.18

2.61

CEAT

1.77

4.36

2.59

Hind.Sanitarywar

4.4

6.97

2.57

Genus Overseas

4.53

6.97

2.44

Inox Leisure

8.89

11.19

2.3

Visa Steel

11.87

14.13

2.26

Noida Tollbridge

13

15.14

2.14

Jindal Saw

13.72

15.8

2.08

Mysore Cement

5.78

7.85

2.07

Hinduja TMT

17.41

19.45

2.04

Karur KCP Pack.

1.08

3.08

2

Clutch Auto

8.83

10.83

2

Educomp Solution

5.26

7.13

1.87

CRISIL

7.74

9.59

1.85

South Ind.Bank

18.48

20.33

1.85

H T Media

21.86

23.67

1.81

ABC Bearings

1.63

3.33

1.7

Ador Welding

3.39

5.05

1.66

Rolta India

9.71

11.32

1.61

Transport Corp.

1.49

3.05

1.56

JSW Steel

17.8

19.35

1.55

Dynamatic Tech.

8.67

10.2

1.53

SKF India

1.46

2.96

1.5

Fag Bearings

7.16

8.63

1.47

Navneet Publicat

2.09

3.56

1.47

J & K Bank

29.94

31.39

1.45

Adlabs Films

11.17

12.55

1.38

Dwarikesh Sugar

13.12

14.49

1.37

Ratnamani Metals

6.22

7.54

1.32

Zicom Electronic

9.41

10.7

1.29

Videocon Inds.

1.32

2.58

1.26

K Sera Sera Prod

15.9

17.15

1.25

Dena Bank

8.74

9.96

1.22

UTI Bank

35.29

36.51

1.22

Alembic

7.97

9.17

1.2

CESC

19.19

20.37

1.18

Balrampur Chini

19.27

20.45

1.18

Choksi Imaging

1.31

2.46

1.15

Unitech

3.81

4.94

1.13

Aztec Software

17.2

18.33

1.13

ING Vysya Bank

21.99

23.11

1.12

Mid-Day Multimed

4.89

6.01

1.12

M & P Pumps

9.6

10.71

1.11

Dredging Corp.

5.44

6.55

1.11

Kirl. Ferrous

3.45

4.55

1.1

Suzlon Energy

20.55

21.64

1.09

Godfrey Phillips

8.18

9.23

1.05

Wyeth

6.45

7.47

1.02

O N G C

8.43

9.43

1

Torrent Pharma.

11.02

11.95

0.93

Tata Coffee

5.16

6.07

0.91

EID Parry

7.63

8.53

0.9

Bank of India

13.45

14.34

0.89

Provogue (India)

3.18

4.07

0.89

SPL

1.17

2.05

0.88

Glenmark Pharma

19.46

20.33

0.87

Galaxy Ent.Corp.

10.72

11.58

0.86

Moser Baer (I)

28.43

29.29

0.86

Radico Khaitan

10.53

11.38

0.85

Vijaya Bank

15.99

16.83

0.84

J B Chem & Pharm

1.52

2.35

0.83

Tube Investments

7.28

8.1

0.82

Mah. Scooters

1.88

2.67

0.79

Visa Steel

13.35

14.13

0.78

Godrej Consumer

16.94

17.66

0.72

Lak. Mach. Works

4.61

5.32

0.71

Panacea Biotec

12.56

13.25

0.69

Hikal

8.68

9.35

0.67

Exide Inds.

5.85

6.51

0.66

Macmillan India

14.51

15.17

0.66

Bajaj Hindustan

29.41

30.07

0.66

IBP Co.

18.95

19.6

0.65

Simplex Infrastr

15.41

16.03

0.62

G S F C

1.23

1.85

0.62

Kalyani Steels

1.55

2.17

0.62

Voltas

23.46

24.08

0.62

Gati

3.02

3.62

0.6

Veejay Lak. Eng.

3.7

4.3

0.6

Britannia Inds.

12.46

13.06

0.6

Ranbaxy Labs.

20.34

20.93

0.59

India Infoline

11.37

11.95

0.58

Dabur India

9.7

10.25

0.55

Kamat Hotels

4.32

4.87

0.55

Aarti Drugs

4.53

5.08

0.55

Nestle India

8.16

8.69

0.53

Guj. Gas Company

13.96

14.49

0.53

Birla Corp.

6.64

7.16

0.52

Goetze (India)

1.11

1.63

0.52

Crest Animation

8.02

8.54

0.52

Sterlite Optical

1.02

1.51

0.49

ITD Cem

1.19

1.68

0.49

VisualSoft Tech.

4.71

5.19

0.48

Kotak Mah. Bank

20.83

21.3

0.47

Berger Paints

1.65

2.12

0.47

DCM Shriram Cons

3.27

3.74

0.47

PTC India

21.48

21.95

0.47

Nucleus Software

2.83

3.27

0.44

Guj. Flourochem.

5.36

5.8

0.44

Rico Auto Inds

22.05

22.49

0.44

Deepak Fert.

2.8

3.23

0.43

Gokaldas Exports

5.94

6.37

0.43

Tata Steel

22.45

22.88

0.43

TRF

4.18

4.59

0.41

Geometric Soft.

13.32

13.7

0.38

IndusInd Bank

12.12

12.48

0.36

Diamond Cables

1.91

2.27

0.36

Apar Inds.

3.66

4.02

0.36

Reliance Cap Ven

19.04

19.37

0.33

MIRC Electronics

9.07

9.4

0.33

Container Corpn.

25.65

25.94

0.29

Bharat Bijlee

4.63

4.92

0.29

Indian Overseas

17.39

17.68

0.29

FDC

1.43

1.71

0.28

Rasandik Engg.

5.82

6.1

0.28

Bombay Dyeing

14.23

14.49

0.26

Balmer Lawrie

2.21

2.46

0.25

Futura Polyester

2.77

3.02

0.25

Quintegra Soln.

2.13

2.37

0.24

Dewan Housing

3.76

4

0.24

Uniphos Enterp.

14.51

14.75

0.24

Bharat Forge

22

22.24

0.24

JM Financial

3.42

3.63

0.21

Eicher Motors

18.01

18.22

0.21

Suven Life Scie.

16.43

16.63

0.2

Alstom Projects

1.49

1.66

0.17

Aventis Pharma

12.89

13.06

0.17

Prec. Wires (I)

9.27

9.43

0.16

Allsec Tech

16.97

17.12

0.15

Carborundum Univ

5.89

6.03

0.14

Gitanjali Gems

9.41

9.55

0.14

Chennai Petroleu

14.54

14.68

0.14

Greaves Cotton

3.28

3.42

0.14

McNally Bharat

5.24

5.35

0.11

Corporation Bank

10.07

10.16

0.09

St Bk of Bikaner

2.4

2.48

0.08

Indoco Remedies

6.67

6.75

0.08

Automotive Stamp

5.49

5.56

0.07

Essar Shipping

6.99

7.06

0.07

LIC Housing Fin

32.71

32.77

0.06

Godrej Indus.

1.21

1.26

0.05

Sundaram Clayton

1.68

1.73

0.05

Siemens

12.33

12.37

0.04

Jindal South We.

17.29

17.32

0.03

P & G Hygiene

1.82

1.84

0.02

Colgate Palmolive

8.77

8.78

0.01

Source: CapitalinePlus

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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