The percentage holding of foreign institutional investors (FIIs) in companies listed on the National Stock Exchange (NSE) picked up in the quarter ended June according to a report by PRIME Database. In the June quarter, FIIs held shares worth Rs 20.13 lakh crore or 20.9 % of the market capitalisation of NSE listed companies, on the back of net inflows of Rs 14,671 crore in the June quarter, the report said.
Among the foreign holders, Europa Cific Growth Fund topped the list with an equity investment worth Rs 51,564 crore, followed by the government of Singapore with Rs 41,085 crore and Oppenheimer with Rs 27,073 crore. A total of 454 FIIs who hold at least 1% in a company has invested in equities across all listed companies in NSE.
The companies with highest FII holding as on quarter ending June 2016 were Housing Development Finance Corporation (HDFC) at 76.86 % , Bharat Financial Inclusion at 63% and Indiabulls Housing Finance at 58.65%, among others.
The companies with highest FII holdings in absolute value terms were HDFC at 1.52 lakh crore, Infosys at 1.09 lakh crore and HDFC Bank at 0.96 crore.
Thew report further said that during the period from 30-6-2015 to 30-6-2016 S E Power Ltd, Prozone INTU Properties, and Balaji Telefilms saw the biggest rise in FII holdings.
During this period FII holdings in S E POWER rose from 17.82% to 56.95% , Prozone INTU Properties’ rose from 9.92% to 36.98% and Balaji Telefilms’ FII holding rose from 0.9% to 21.37%.
Whereas LIC Housing Finance, Spentex Industries, and Hinduja Foundries saw the highest decrease in FII holdings.
The companies which saw the highest increase in FII holdings from March 2016 to June 2016 were Container Corporation of India, Diamond Power Infrastructure, and Kolte Patil Developers. Whereas Chromatic India, Cerebra Integrated Technologies, and LT Foods were the companies which saw the highest decrease in FII holdings sequentially.
The report further said on a year-on-year basis FII holding went up in 437 companies listed at NSE with the average stock price return of these companies in the same period being 37%.