DIIs rose their holdings in private banks, PSU banks, metals & auto, while FIIs added in the pharmaceutical space. They tread with caution in private banks, two wheelers and FMCG names as well.
Private and public sector banks, metals, automobiles and pharmaceuticals, among other sectors, saw additional flows from domestic and foreign institutional investors during the September quarter, data compiled by Edelweiss Securities has revealed.
The larger part of action revolved around banks, two-wheelers, FMCG, pharmaceuticals, gas distribution and midcap IT names.
DIIs rose their holdings in private banks, PSU banks, metals & auto, while FIIs increased exposure to the pharmaceutical space. They tread with caution in private banks, two-wheelers and FMCG names as well.
FIIs also added gas distribution players, while DIIs reduced holdings in them.
Emerging trends: Some interesting trends likely to emerge in ensuing quarters are a shift from retail-focused lenders to corporate lenders, and higher allocation towards public sector banks and pharma. Cement & construction sector will be an interesting place to watch out for as institutional holding has touched a decade low.
Reduced exposure in large-cap private banks:
Yes Bank: 300 basis points
ICICI Bank: 118 basis points
Axis Bank: 60 basis points
HDFC Bank: 65 basis points
IndusInd Bank: 41 basis points
Added stake in large-cap wholesale lenders:
ICICI Bank: 174 basis points
Axis Bank: 59 basis points
State Bank of India: 23 basis points
Yes Bank: 221 basis points
IndusInd Bank: 36 basis points.
Aurobindo Pharma: 134 basis points
Cipla: 109 basis points
Biocon: 75 basis points.
Vedanta: 294 basis points
Jindal Steel: 101 basis points
Hindustan Zinc: 40 basis points
Tata Steel: 57 basis points
Bajaj Auto: 30 basis points
TVS Motor: 160 basis points
Hero MotoCorp: 74 basis points
Maruti Suzuki: 88 basis points
Consumer & Media
Berger Paints: 490 basis points
Titan: 103 basis points,
Britannia: 97 basis points
Sun TV: 191 basis points
L&T: 50 basis points
BHEL: 40 basis points
FII Increased allocation in gas distribution
MGL: 633 basis points
GAIL: 132 basis points
IGL: 103 basis points
Petronet LNG: 82 basis points.
TVS Motor: 175 basis points
Maruti Suzuki: 62 bps
Hero MotoCorp: 41 basis points
Major holdings’ trends
Addition by both FIIs and DIIs:
AU Small Finance Bank, Hexaware, L&T Infotech, Tejas Networks and Mahangar Gas
Dip in institutional holdings
South Indian Bank, Yes Bank, JP Associates, Dish TVDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on Moneycontrol are their own, and not that of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.