YES Bank, PB Fintech, GMM Pfaudler, Paytm, NDTV: Stocks bought and sold by FIIs in Q3
YES Bank, PB Fintech, Reliance Infrastructure, GMM Pfaudler, PVR and South Indian Bank were among the companies that saw a sequential increase in foreign institutional investors (FII) holdings in the December quarter. One97 Communications (Paytm), NDTV, Eros International, Stylam Industries and Gayatri Projects were among the stocks that saw a sequential fall in FII holdings, data compiled by PRIME Database suggested.
In total, FPIs increased stakes in 639 listed companies while reducing 692 others.
FII’s total stake in YES Bank was 23.24 per cent in the December quarter compared to 12.15 per cent in the September quarter, up 1,109 basis points. The drop was up 31.63 per cent in the quarter. FIIs increased their holdings in PB Fintech to 47.99 percent from 37.11 percent, up 1,088 basis points. This share was down 5 percent in the quarter. They increased holdings in Reliance Industries (877 basis points), Tilaknagar Industries (847 basis points), GMM Pfaudler (731 basis points), South Indian Bank (706 basis points) and PVR (560 basis points).
FIIs sold 10.09 percent stake in Gayatri Projects in the December quarter. The FII holding in the share was 3.26 per cent from 13.35 per cent in the September quarter. The script was flat for the quarter. In NDTV, FII holdings fell 9.39 percentage points to 5.33 percent from 14.72 percent. FIIs also cut stakes in Shriram Finance (down 7.74 percent), Paytm (down 4.46 percent) and Equitas Holdings (down 4.7 percent).
Highest buying by FIIs in terms of value including FSN E-Commerce Ventures, Axis Bank, ICICI Bank, YES Bank, LTIMindtree, L&T, among others. They sold shares in Infosys, Reliance Industries, Bajaj Finance, Adani Transmission, IndusInd Bank, among others.
Otherwise, FIIs held Rs 55.70 lakh crore in NSE-listed companies as of December 31, 2022, up 4.98 percent over Rs 53.06 lakh crore at the end of September 2022. In the quarter, FPIs withdrew Rs 3,162 crore from consumer durables, oil and gas and consumer fuels, while investing Rs 19,391 crore in financial services and FMCG sector stocks.
FII holdings in value constituted 20.18 per cent of the total market value as at 31 December against 19.98 per cent as at 30 September.
Taking free float (non-promoter holdings) into account, the FII share by value went up to 41.39 per cent in the quarter ended December 2022 from 41.17 per cent a quarter ago, the PRIME database suggested.
FPIs are the largest non-promoting shareholders in the Indian market and their investment decisions have a major impact on share prices and overall market direction, said Pranav Haldea, CEO, PRIME Database Group. FIIs with over 1 per stake in domestic listed companies accounted for only 15.40 percent of their total holdings.
“Therefore, it is time that full details of all their holdings become mandatory to be made public in India,” Haldea said. Also Read: IRCTC Q3 Impact: Shares fall after four days; What should investors do?
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