Foreign investors are rapidly exiting Indian markets due to three primary factors. First, China’s recent monetary and fiscal stimulus measures have made their market more attractive to investors. Second, Indian stocks’ high valuations compared to other emerging markets have prompted profit-taking. Finally, escalating geopolitical tensions in the Middle East have pushed investors toward safer havens. Subsequently, these factors triggered massive outflows of ₹70,398 crore ($8.38 billion) in October 2024.
1. Kotak Mahindra Bank Ltd
Kotak Mahindra Bank stands as a powerhouse in India’s financial services sector. Moreover, the bank offers comprehensive services, including retail banking, Treasury operations, and investment banking. Furthermore, their extensive network provides stock broking, vehicle finance, advisory services, and both life and general insurance products.
The bank’s financial performance shows remarkable resilience in 2024. Subsequently, their revenue grew by 33% year-over-year, reaching ₹56,237 crores in 2024. Meanwhile, the net profit increased by 21% from 14,925 to 18,213 crores in 2024, with EPS improving from ₹91.62 to ₹75.13. Additionally, their diversified revenue streams helped maintain stable growth metrics.
FII holdings witnessed significant changes throughout recent quarters. Initially, Q4 2023 showed a modest decline of 1.23% in FII investments. However, Q1 2024 experienced a steeper reduction of 2.15%. Consequently, the total FII reduction reached 6.35% in 2024.
2. LTIMindtree Ltd
LTIMindtree emerges as a leading force in IT services and digital solutions. Furthermore, their service portfolio comprises application development, maintenance outsourcing, and infrastructure management. Additionally, the company excels in providing testing and platform-based solutions across diverse industries.
Financial indicators demonstrate steady growth despite market challenges. Subsequently, the company achieved revenue of ₹35,517 crores, marking a 7% year-over-year increase. Meanwhile, their net profit increased 3.9% from 4,410 crores to 4,585 crores. Moreover, their focus on digital transformation projects drives consistent revenue streams.
FII investment patterns show notable changes in recent quarters. Initially, Q3 2023 witnessed minimal reduction. Nevertheless, Q1 2024 saw a significant 0.79% decrease in FII holdings. Therefore, the cumulative FII reduction reached 1.28% in 2024.
3. Reliance Industries Ltd
Reliance Industries, under Mukesh Ambani’s leadership, maintains its position as India’s leading conglomerate. Moreover, the Ambani family’s 50% shareholding provides strong ownership stability. Additionally, their diverse business interests span energy, retail, and telecommunications sectors.
Financial performance reveals robust growth metrics. Subsequently, revenue surged by 2.58% year-over-year, reaching ₹899,041 crores in 2024. Meanwhile, net profit increased by 6.65%, with EPS growing from ₹98.5 to ₹102.9. Furthermore, their diversified portfolio continues driving strong financial results.
FII investment trends show measured changes. Initially, Q4 2023 recorded a 0.5% increase. However, Q1 2024 witnessed a 0.07% decrease in FII holdings. Consequently, the total FII reduction reached 0.84% by early 2024.
Also read…
4. ICICI Prudential Life Insurance Company Ltd
ICICI Prudential Life Insurance leverages its strong parentage from ICICI Bank (51%), and Prudential Plc (22%). Furthermore, their comprehensive product range covers life insurance, pensions, and health insurance. Additionally, their multi-channel distribution network ensures broad market reach.
Financial indicators demonstrate steady growth patterns. Subsequently, their revenue increased by 81.5% YoY in 2024. Meanwhile, their net profit showed a 4.67% improvement. Moreover, their diversified product portfolio helps maintain consistent performance metrics.
FII investment changes reflect sector trends. Initially, Q4 2023 saw a 0.78% reduction. However, Q1 2024 experienced a 1.38% decrease in FII holdings. The cumulative FII for the year is 1.75%.
5. HDFC Life Insurance Company Ltd
HDFC Life Insurance operates as a leading joint venture between HDFC and Standard Life Aberdeen. Furthermore, their product portfolio spans individual and group insurance solutions. Additionally, their industry-leading 26% new business margins demonstrate operational excellence.
Financial performance shows positive momentum. Subsequently, revenue grew by 44.54% year-over-year to ₹101,482 crores in 2024. Meanwhile, net profit increased by 15%, with EPS improving from ₹6.37 to ₹7.32. Moreover, their diversified distribution mix supports consistent growth.
FII movement patterns indicate gradual changes. Initially, Q4 2023 recorded a 0.75% increase. However, Q1 2024 saw a 1.25% decrease in FII holdings. Consequently, the total FII reduction reached 5.65% for 2024.
Written By Fazal Ul Vahab C H
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
