Overseas investors raise stake in 16 Sensex companies in Q4 FY 2013-14: Reports

Posted By: Religare
Subscribe to GoodReturns

Overseas investors raise stake in 16 Sensex companies in Q4 FY 2013-14: Reports
According to media reports, overseas investors upped stake in 16 Sensex companies such as Infosys, Reliance Industries Limited (RIL) and HDFC in the fourth quarter ended March 31, 2014.

Foreign Institutional Investors (FIIs) however, cut their exposure to ten Sensex firms such as Tata Motors, Tata Power, Tata Consultancy Services (TCS), Coal India and HDFC Bank in the January-March period over the previous quarter, the PTI reported. The FII stake in FMCG giant ITC stood unchanged at 19.26 per cent in the three months ended March 31, 2014.

Foreign investors hiked their stake in private sector lender Axis Bank by 5.56 percentage points to 48.74 per cent in the three months ended March 31, 2014, while in HDFC they raised their shareholding by 1.46 percentage points to 75.71 per cent. In state-run power major, NTPC, overseas investors reduced their stake by 0.99 percentage points to 9.33 per cent.

In HDFC Bank, FIIs cut their equity exposure by 0.84 percentage points to 34.08 per cent in the three months ended March 31, 2014.
Foreign investors continue to inject funds into Indian equities amid optimism over the formation of a growth, reform and investor friendly government after the general elections in April and May.

Dion Global Solutions Ltd.

Read more about: sensex, foreign investors, fii, infosys, ril, hdfc, ntpc
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC