FIIs cut their holdings of favorite stocks by more than 100%
Ahmedabad. 12 November 2020, Thursday
Following the implementation of the lockdown, foreign institutional investors (FIIs) reactivated the Indian stock market in mid-April and launched large-scale acquisitions. However, in the September quarter they have reduced their stake in preferred stocks.
A study of FII's available investment data in the Indian stock market reveals that it re-entered the Indian stock market after mid-April, increasing its stake in a number of large-scale undertakings.
Speaking on the other side of the issue, a number of stocks at the bottom of the stock market at the time of the lockdown also fell to the bottom. However, after suffering this shock, the market continued to improve. Is. As a result, the capital of investors in many stocks has doubled.
During the September quarter, FIIs reduced their holdings out of a total of nine stocks, of which nine stocks have risen from 100 per cent to more than 200 per cent in the current financial year. Most of these stocks are in the smallcap and midcap segments. While it has reduced its stake in 6 largecap stocks.
According to market insiders, this trend of FIIs is being viewed with skepticism. They should exercise caution in reducing their share despite the boom in the market. It will be advisable for ordinary investors to exercise caution before investing in such stocks.
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