Institutional investment in stock markets indicate their bullishness on the market and likewise their bet on individual stocks also highlight that those particular stocks have good prospects going ahead. As is well known there can be foreign investors and likewise domestic institutional investors such as pension funds, provident funds, insurance companies and mutual funds who invest into the capital market by pooling funds from the larger public.
These DIIs as they are called are invested or own a considerable value of the shares traded on the Indian stock exchanges.
So, here are the 5 large caps with the highest DII shareholding:
This hotel to tobacco major has the highest DII shareholding of 43.72% and has leadership in its traditional business of cigarettes. The company's other business verticals are IT, FMCG, hotels, paperboards, agri-business, packaging, confectionary etc.
In its first ever investor's meet the firm has primarily disappointed as clear future plans were not listed on fronts like demerger, company's listing for unlocking value etc.
After initial interest in the stock just ahead of the first ever meet, the stock last closed at Rs. 218 and with a muted performance this year so far and on a 1 year basis, analysts have given their 'Buy' on the stock.
2. ICICI Bank:
This private lender is the second in the list with DII holding at 42.75%. ICICI Bank is back in action and the scrip if we talk about has replaced HDFC Bank. Earnings at the bank is one encouraging point which has led brokerages to be bullish on the counter for a price target of up to Rs. 1100 per share.
Last shares of ICICI Bank closed at Rs. 728. To highlight, its earnings of the last quarter ended September of Fy22, the bank's income as well as net profit has gone higher. Also, talking of its asset quality, % of net NPA has declined sequentially to 0.99.
3. Larsen and Toubro:
This infra firm has a DII shareholding of 33.34 percent as at the end of September quarter. The firm will get a fillip on a lot of government measures to boost the country's infra such as the recently unveiled Gati Shakti Mission.
The company is an international players reckoning to grow its revenue from overseas front. Other work areas of the company include power electrical and electronics. Metallurgical and material handling, infra and engineering construction.
National Thermal Power Corporation has a DII shareholding of 32.19%. The thermal power company other than significant foothold in power generation is also into power trading, coal mining and ash utilisation and consultancy services.
As of the latest development, the company will embark on generating power by sourcing municipal waste from Greater Noida.
5. Bharat Electronics:
The defence and aeronautics major company has an over 28% shareholding of DIIs. The company headquartered in Bengaluru started operations to meet the varied electronic needs of the country's defence services. .The product range of the company includes products for communication, radars, naval systems, opto electronics, Electronic Warfare systems, weapon system, tank electronics etc.