Top ten companies where FIIs increased their stake sequentially.
There is no direct correlation between the rise in FIIs holding and share price performance at least in a shorter duration.
Big investors such as mutual funds and FIIs are considered smart investors. Any increase in their activity gives retail investors an indication that the company is likely to perform better going ahead and there is a likely increase in its share prices. Hence, we thought of analysing the companies where foreign institutional investors (FIIs) have increased their stake in the June 2021 quarter (quarter-on-quarter). We have not applied any filtration other than the increase in FIIs holding on a Q-o-Q basis. Therefore, companies with different market caps have appeared on the list.
|
Stock Name |
FII holding change QoQ % |
Shareholding Date |
YTD Change (%) |
|
Sakar Healthcare Ltd. |
8.76 |
30-06-2021 |
73.11 |
|
5Paisa Capital Ltd. |
7.6 |
30-06-2021 |
52.99 |
|
Kiri Industries Ltd. |
6.32 |
30-06-2021 |
-0.22 |
|
Newgen Software Technologies Ltd. |
5.87 |
30-06-2021 |
109.72 |
|
Paisalo Digital Ltd. |
5.84 |
30-06-2021 |
42.7 |
|
Finkurve Financial Services Ltd. |
5.44 |
30-06-2021 |
17.13 |
|
Choice International Ltd. |
5.02 |
30-06-2021 |
18.26 |
|
Capacit'e Infraprojects Ltd. |
4.99 |
30-06-2021 |
3.02 |
|
SE Power Ltd. |
4.99 |
30-06-2021 |
194.12 |
|
Coforge Ltd. |
4.8 |
30-06-2021 |
107.47 |
Sakar Healthcare that is listed on NSE has witnessed the highest rise in the holdings by FIIs on a sequential basis. They have increased their stake by 8.76 per cent. The stock is very volatile and was down by 24 per cent in the month of August 2021.
Nevertheless, its year till date share price is up by 73% due to better performance in the earlier part of the year. It is still down by 18% from the high reached earlier this year.
There is no direct correlation between the rise in FIIs holding and share price performance at least in a shorter duration.
For example, Kiri Industries Ltd and Capacit'e Infraprojects are the two companies where FIIs have increased their stakes, however, their price performance is dismal. SE Power, a penny stock, whose share price has more than doubled since the start of the year has seen FIIs increase stake by almost 5%.
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