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FIIs show their affection on India inc in June qtr
Foreign Institutional Investors, FIIs, seem to have contradicted their own behaviour in the quarter ending June.
Adani Enterpris
BSE | NSE 10/02/12
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
continued on page 2
