FIIs begin aggressive buying in cash stocks; these stocks are expected to be triggered most
Foreign Institutional Investors (FIIs) have started buying again in the Indian cash market.
Foreign Institutional Investors (FIIs) have started buying again in the Indian cash market. Which shares you must turn your attention on and which stocks are impacted the most amid buying trends from the FIIs. In chat with Zee Business Managing Editor Anil Singhvi, Senior Research Analyst Varun Dubey brings this exclusive report.
Dubey said that there certain stocks where the FII holdings have been traditionally, high, though there has been some let-off in the shareholdings by FIIs in many stocks since March 2021 amid selling pressure. The selling was more prominent between October and December.
However, the mood has picked up over the last three trading sessions this year, he added. In the last 3 trading days, FIIs have invested around Rs 2,750 crore in the Indian equities.
The Senior Research Analyst said that in Shriram Transport, FIIs have a stake of 54 per cent, and earlier, it was more than 60 per cent. In Appollo Hospitals, FIIs still hold around 51.5 per cent. In Jubilant Foodworks, PVR, Info edge FIIs hold between 37 per cent and 41 per cent.
He said that FIIs have around a 35 per cent stake in IT stocks like Saint-Gobain and Tech Mahindra.
FIIs have approximately a 35 per cent stake in Manappuram Finance and a 29.4 per cent stake in Mahanagar Gas.
He mentioned that these stocks are the most crucial and investors must watch out for them.
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