Riding on positive global cues and a reviving Indian economy, foreign institutional investors (FIIs) have raised their holdings in Sensex companies during the second quarter of the current fiscal.
A study on shareholding pattern of 26 Sensex companies shows FII holdings in 11 firms have increased during the September quarter, compared to the previous quarter of the current fiscal.
The average share of FIIs stake in Sensex companies increased from 19.40% to 19.57% during the period.
Top 5 companies, according to the share of FIIs stake in total as on September 30, are HDFC, Infosys Techno, ICICI Bank, Hero Honda Motor and HDFC Bank.
Compared with the last quarter, FII holding in corporate behemoth Reliance Industries marginally increased from 16.45% to 16.51%.
The net profit of JP Associates increased 328.4% to Rs 870 crore during the second quarter, from Rs 203 crore in the same period last fiscal. The sales of the company also increased 59.7% during the above period.
On the other hand, highest decrease in FII stake was seen in the case of Bharti Airtel followed by ONGC, Bhel, ICICI Bank and Tata Power.
The latest shareholding pattern, as of September 30, 2009, clearly shows that FIIs have significantly decreased their stakes over the June 30, 2009 quarter in to telecomm major Bharti Airtel. The FIIs share of Bharti Airtel decreased from 19.58% to 18.39% during the period.
FIIs? stake in private bank major like ICICI Bank also decreased to 35.26% during the September quarter from 36.18% in June quarter. FIIs? stake in HDFC Bank decreased from 28.18% to 28.16% during the period.
Among the above top 5 firms, only increase in FIIs share was seen in the case of IT bellwether Infosys Techno. The firm saw FII holdings in the company increased by 1.1% to 36.05% during the second quarter of the current fiscal.