Top 5 stocks FII bought and sold recently

The list includes names like housing financiers (7.7%), NALCO (6.6%), Voltas (5.1%), and Quess Corp (4.8%).

Apart from the ones we have covered in this article, there are other stocks in which FIIs have increased their stake in the September quarter.

Then there are stocks in which FIIs have reduced significantly.

Let’s take a look at which stocks were most traded by institutional investors during the September quarter…

Top Stocks Bought by FII in July-September 2021

Karda ConstructionFIIs have almost doubled their stake in the real estate company in the quarter of September 2021.

Interestingly, till a year ago, FIIs held a negligible 0.3% stake in the company. He currently holds 12.1 per cent stake.

FIIs have been increasing stake in this company for the last three quarters. And at a time when FIIs are raising stake, promoters are offloading.

The promoter’s stake stood at 65.2% as of December 2020 and currently stands at 48%.

Foreign investors are bullish on the stock since the June quarter, when it reported its best quarterly performance.

olektra greentechInstitutional stake in Olectra Greentech grew by 4.8% and stood at 8.7% as of September 2021.

Olectra is one of the lesser known stocks in the greentech electric vehicle (EV) space. The company’s shares have had a never-ending rally this year.

They are up more than 11 times in the past year alone!

Recently, the company received orders of value 2.5 billion for the supply of 100 electric buses to a state transport corporation as part of the FAME-II scheme of the Government of India.

The boom shown by FIIs can be attributed to the excellent financial performance of the company. In the September quarter, the firm reported higher net sales in both sequential and year-on-year terms.

The company’s net cash flow and cash from operations are also increasing.

Kiri IndustriesInstitutional holding in Kiri Industries grew 4.7 per cent and stood at 35.7% in the September quarter.

Just like in the above two cases, the promoters of the company have been reducing their stake.

Kiri Industries is engaged in the manufacture and sale of Dyes, Dye Intermediates and Basic Chemicals.

zelmock design and tech: Institutional investors increased their stake in this IT company by 4.5% in the most recent quarter.

Meanwhile, the promoters’ stake declined by 2.9% to 54.4%, with no shares pledged by them.

Globus SpiritsGlobus Spirits is primarily engaged in the business of manufacturing and selling of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol Hand Sanitizers and Franchise Bottling.

FIIs raised their stake in Globus Spirit by 3.9% in the September 2021 quarter.

The company had declared its results just a week ago. It reported lower capacity utilization on a sequential basis which pushed the company’s shares down 5%.

After being up for nearly five months, the company’s shares have plunged nearly 20% from their 52-week highs 1,514.

Apart from the above, here are other stocks in which FIIs have increased their stake.

check out Equitymaster’s Powerful Stock Screener To find the most recently purchased shares by institutional investors.

Top Stocks sold by FII in July-September 2021

just Dial: FIIs cut significant stake in Just Dial in the September 2021 quarter. As of September 2021, their total holdings declined by 12.1 per cent to 16.6 per cent.

On the other hand, the promoters of the company increased their stake by 16.4 per cent.

Shares of Just Dial have been on a declining trend this quarter, falling from highs of 1,138 This could be because FIIs have taken a bearish stance on the stock.

Kirloskar Industries: After holding around 10% stake in the company for the past two consecutive years, foreign investors have dumped it. He slashed almost his entire stake to 9.9% in the September quarter.

Earlier this month, the windmill power generation firm reported a net profit 1,347m during the September quarter, up 79% from the year-ago figure.

The company earns 98% of its revenue through its subsidiary (51% stake) Kirloskar Ferrous Industries.

Shriram TransportFIIs reduced their stake in Shriram Transport by 5.9% during the September 2021 quarter.

However, they still hold a substantial portion of the equity. 53.67% to be exact!

Shriram Transport has been one of them FII Preferred Stock For quite some time now. Fidelity Investment Trust, Government Pension Fund Global, JPMorgan Funds, Vanguard International and T Rowe Price are among its foreign investors.

In 2015, the Reserve Bank of India (RBI) allowed FIIs/RFPIs to invest up to 74% of the paid-up capital of Shriram Transport.

Tejas NetworkFIIs were forced to reduce stake in Tejas Networks in view of the sharp jump in the company’s shares this year.

During the September quarter, FIIs reduced their stake in the telecom cable company by 5.8% to 14.5%.

Note that FIIs have been largely on the sidelines for the past few months, booking profits at every opportunity they get: Capesite is an infrastructure-cum-real estate-related company, with its primary focus on real estate. It constructs buildings for most of the top players in the realty sector and also executes metro rail projects.

FIIs reduced their stake by 5% during the quarter under review. Their total stake now stands at 7.3%.

Apart from the above, here are other stocks in which FIIs have reduced their stake.

Note that FIIs have been largely aloof over the past few months, booking profits at every opportunity they get.

Not just India, they have pulled out money from emerging markets (EMs).

The US Federal Reserve’s plan to reduce the massive stimulus is the primary reason behind the continued FII sell-off. Of course, there are other factors such as increased valuations and rising commodity prices which in turn can have an impact on inflation.

Despite heavy selling by FIIs, Indian stock markets have been shielded from significant fund inflows from retail and HNI investors. However, there could be further volatility in view of the continued sell-off by FIIs. 179 billion in November so far

On the other hand, domestic investors have purchased shares worth more than the total 130 billion in November so far

Rising retail participation only proves one thing… Even if FIIs remain in slowdown for some time, India’s growth story will remain intact.

How the buying and selling trend of FIIs in the quarter ended December 2021, remains to be seen.

We will keep you informed of all developments in this area. stay tuned.

(This article is syndicated from) Equitymaster.com,