Foreign Investors Increase Stake In Over 100 Cos Including DHFL

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    In the quarter ended September, foreign investors had reportedly sold Indian equities worth Rs 10,000 crore. It is in the same quarter that Sensex hit a record high of 38,989, and FII increased their stake in various Indian companies.
    Data from Ace Equity, as published on Moneycontrol.com, showed that the foreign institutional investors (FII) had raised their stakes (sometimes in the same companies) in 136 companies in a year as of 30 September 2018.

    Foreign Investors Increase Stake In Over 100 Cos Including DHFL
     

    These include two of the worst-hit non-banking finance companies, Dewan Housing (DHFL) and India Bulls Housing Finance. According to DHFL's exchange filing, its FPI (foreign portfolio investors) holding rose to 19.43 percent from 18.2 percent. In Indiabulls, the stake was increased to 55.52 percent from 54.34 percent. These were to only two among the top six mortgage lenders by market value that FII chose to increase their stake, sequentially, in the last quarter.

    Though most the 136 companies have fallen in share value, some names like Excel Industries (+151.55%), Jubilant Foodworks (+22.79%), Firstsource Solutions (+49.75%) and L&T Infotech (+57.85%) have given positive returns to its investors in the past one year.

    Fall in the rupee valuation, fluctuation in oil prices, strengthening of the US economy and rise of the 10-year treasury bond yields made risk-averse Indian stocks less attractive.

    Read more about: fii dhfl
    Story first published: Tuesday, November 13, 2018, 11:11 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more