Moneycontrol
Last Updated : Nov 22, 2018 02:31 PM IST | Source: Moneycontrol.com

Banks, autos, FMCG & pharma see big investment moves by FIIs, DIIs

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.

Moneycontrol News @moneycontrolcom

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.

Key Highlights

Big action

FII

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

DIIs

Added stake in large-cap wholesale lenders:

ICICI Bank: 174 basis points

Axis Bank: 59 basis points

State Bank of India: 23 basis points

Reduced holdings

Yes Bank: 221 basis points

IndusInd Bank: 36 basis points.

Big additions

FII

Select pharma

Aurobindo Pharma: 134 basis points

Cipla: 109 basis points

Biocon: 75 basis points.

DII

Metals

Vedanta: 294 basis points

Jindal Steel: 101 basis points

Hindustan Zinc: 40 basis points

Tata Steel: 57 basis points

Getting cautious

Reduced Holdings

FII

Auto

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

Capital goods

Trimmed holdings

DII

L&T: 50 basis points

BHEL: 40 basis points

Going contra

FII Increased allocation in gas distribution

MGL: 633 basis points

GAIL: 132 basis points

IGL: 103 basis points

Petronet LNG: 82 basis points.

DII

Added 

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 TV

Disclaimer: 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.
First Published on Nov 22, 2018 02:31 pm
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