Moneycontrol Bureau
In the quarter ending March, India had been a good hunting ground for the foreign investor community which largely invested in sectors like IT, FMCG and private banks. As many stocks in these sectors have now either become expensive or have reached closer to the prescribed FII holdings limit, question arises where will this community turn to now? A recent Axis Direct report has shortlisted nine Nifty stocks based on criteria like float >USD 3 billion, trading volume >USD15m, headroom for FII limit >5 percent, and not in the top quartile of historical valuations. While six of these are private sector companies, 3 are in the public sector.| Company | FII Limit (%) | FII hldg (%) Mar 13 |
| ICICI Bank | 49 | 38 |
| Infosys | 100 | 41 |
| L&T | 24 | 17 |
| Mah & Mah | 49 | 35 |
| NTPC | 24 | 9 |
| ONGC | 24 | 6 |
| Reliance | 24 | 18 |
| SBI | 20 | 11 |
| Tata Motors | 35 | 28 |
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