Tuesday , June 18 2024

FIIs increased stake in more than 100 BSE companies in March quarter

Ahmedabad: Foreign institutional investors (FIIs) increased their stake in about 144 companies of BSE 500 in the March quarter. However, as per the initial shareholding data available, in January 2024, Rs. There was equity outflow of Rs.25,743 crore in March and Rs. There was a sharp jump in investment inflows of Rs 35,098 crore.

According to market experts, the flexibility of the Indian stock market and the improving economy have attracted foreign institutional investors to India.

Global investors increased their stake in Data Patterns (India) by 7.82% to 14.56%. He held 6.74% stake in the company till December 2023. Apart from Computer Age Management Services, Eureka Forbes, InterGlobe Aviation (IndiGo), JSW Energy, Chalet Hotels, NCC, Mankind Pharma, Macrotech Developers, NMDC, Aditya Birla Sun Life AMC, Bharat Petroleum Corporation, Natco Pharma, Lupine and The. Phoenix Mills is another company in which foreign institutional investors have increased their stake from 2 to 7 per cent during the last quarter.

Insurance sector giant Life Insurance Corporation of India has also been one of the favorite companies of foreign institutional investors. Apart from this, in the banking sector also, global investors increased stake in many banks. Which includes 3.10% to 4.82% in Punjab National Bank, 0.45% to 1.04% in Bank of Maharashtra, 4.31% to 4.52% in Bank of India, 10.91% to 11.09% in State Bank, which includes 12.27% to 12.40% in Bank of India. 0.07% to 0.17% in Baroda, 0.01% to 0.03% in Central Bank.