If figures of June 30 and March 31 are compared, significant dip, in terms of FII stake, was registered by ACC (20.12% to 16.04%), Ambuja Cement (31.99% to 27.65%) and HDFC Bank (32.37% to 26.53%). The share of FIIs in Reliance Energy (20.30% to 21.26%), Maruti Udyog (12.59% to 12.85%), Wipro (5.14% to 5.26%) and Tata Steel (17.41% to 22.64%), however, increased during the period.
Anantpadmanabhan Sarma, executive VP of IDBI Capital said, FII behaviour in the Sensex stocks cannot be generalised. They act in a company-specific and sector-specific manner.
The latest shareholding pattern, as of June-end, clearly shows FIIs have significantly decreased their stakes over the March 31 quarter in Pharma majors such as Cipla (16.81% to 15.68%) and Dr Reddys Laboratory (27.49% to 26.64%).
The FIIs stake in IT major Infosys has also decreased to 31.82% on June 30, from the level of 32.55% on March 31.