FIIs have always played a critical role in the Indian stock market. With the recent correction in the Indian stock market, it becomes even more critical to see in which counters FIIs have made significant purchases. Below we have listed some of the companies in which FIIs have increased their stake this quarter and by what magnitude has the increase been.
Dr. Reddy’s Laboratories
Stands as a major pharmaceutical company from India. They make generic medicines and active ingredients for various treatments. The company runs research centers to develop new drugs. They sell medicines in many countries, including the USA and Europe. Their factories meet strict quality standards worldwide.
Dr. Reddy’s also makes biosimilar drugs for cancer and other diseases. Foreign investors have shown great interest in the company lately. JP Morgan Chase Bank NA led other investors in raising their stakes. The FII stake jumped significantly from 27.68% to 41.75%. This marks a substantial increase of 14.07% in foreign investment.
Dixon Technologies Limited
The company become a leading electronics manufacturer in India. They make TVs, washing machines, and mobile phones for various brands. The company operates several factories across the country. They have strong partnerships with global electronics companies. Dixon also makes LED lights and security cameras.
Their focus on quality has earned them many customers. Foreign investors have noticed Dixon’s growth story. The FII stake grew from 19.33% to 22.69%. This represents a rise of 3.36% in foreign holdings. Steadview is one of the major FIIs to have invested in the company.
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Punjab National Bank
Serves as one of India’s largest public sector banks. They offer banking services to millions of customers. The bank provides loans to various sectors of the economy. They have thousands of branches across India. PNB focuses on digital banking solutions for customers. They also support
small businesses through various loan schemes. Foreign investors have recently shown more interest in PNB. Citigroup Global Markets Mauritius has led this investment trend. The FII stake increased from 5.51% to 8.42%. This shows a growth of 2.91% in foreign investment.
Oracle Financial Services Limited
The company is into creating software for banks worldwide. They develop solutions for core banking operations. The company helps banks manage their daily transactions. They provide risk management tools to financial institutions. Oracle Financial also offers cloud services to banks. Their products help banks serve customers better.
Foreign investors recognize the company’s stable business model. Wessex (Mauritius) Limited has invested significantly in the company. The FII stake rose from 5.10% to 7.73%. This indicates a growth of 2.63% in foreign holdings.
TATA Motors Limited
The company is a leading automobile manufacturing giant making cars, trucks, and buses for various markets. They own the luxury car brand Jaguar Land Rover. The company focuses strongly on electric vehicles now. They sell vehicles in many countries worldwide. TATA Motors employs thousands of people across its factories.
They invest heavily in new technology and design. Global investors appreciate their future-focused approach. Several international funds have increased their stakes recently. The FII stake increased from 18.18% to 20.54%. This represents a rise of 2.36% in foreign investment. Their commitment to electric vehicles particularly attracts global investors.
Written By: Dipangshu Kundu
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