Friday, February 23rd, 2024

Foreign investors and mutual funds invested huge money in these stocks including IDFC First Bank, Patanjali Foods


Photo:FILE Foreign investors and mutual funds

Share Market The spectacular bullish phase continues. Due to this, once again Nifty has crossed the important level of 20 thousand. At the same time, Sensex is ready to reach 67 thousand. Meanwhile, foreign investors and mutual funds have increased their investments in the stocks of many companies. At the same time, stake has been sold in some companies. Let us tell you that according to a report by Kotak Institutional Equities, the highest increase in FPI stake was seen in Coforge, IDFC First Bank and Patanjali Foods in the September quarter. The report said the biggest increase in mutual funds’ stake was in Coforge, Sula Vineyards and Restaurant Brands Asia, while banks and financial institutions increased their stake the most in Restaurant Brands Asia, Union Bank and Amara Raja.

MFs are withdrawing money from the stocks of these companies

At the same time, the biggest decline in mutual fund stake was in Supreme Industries, LIC Housing Finance and Ashok Leyland, while for BFI it was in Dr Reddy’s Laboratories, Ujjivan Small Finance Bank and Colgate Palmolive. DIIs bought stocks in banks, consumer goods and IT services sectors and sold capital goods stocks, the report said. In the September quarter, FPI’s share in the BSE-200 index (including ADRs and GDRs) was 21.4 per cent. The share of DIIs in the BSE-200 index increased from 15.5 per cent in the June quarter to 15.7 per cent in the September quarter. FPIs were overweight banks and real estate; It was lower on consumer goods and metals and mining. The report said there is less weighting on consumer goods and oil, gas and fuel.

Effect of increase and decrease in stake

An increase in the stake of foreign investors and mutual funds in any stock means that the shares of that company will rise. This is because mutual funds and foreign investors invest big money. They deal in lakhs of shares at a time. He invests money in the stocks of those companies whose fundamentals and business are growing. Retail investors can earn good income by investing money in such stocks. At the same time, withdrawing money from any stock means that the confidence of investors is wavering. In such a situation, there may be a decline in those stocks. Therefore, if money is withdrawn, the share price may go down.

Input: IANS

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