FIIs' holdings in NSE-listed companies rise after many quarters
Data shows that FIIs holdings in the number of NSE-listed companies has been on the up since September 2015 quarter.
Foreign Institutional Investors (FIIs) now have stakes worth Rs 20.13 lakh crore, or 20.09% in National Stock Exchange (NSE) listed companies. This is the second consecutive increase after a decline of three quarters.
FII shareholdings in these companies have been on the decline since quarter ended March 2015. As per the data, FIIs held 20.79% stake in NSE-listed companies in that quarter which fell to 20.73% in June 2015 quarter, followed by 20.56% and 18.95% in quarter ended December 2015. Fourth quarter ended March 2016 saw an increase in holdings to 19.87% followed by the June quarter increase of over 20%.
According to Pranav Haldea, Managing Director, PRIME Database, this has been on the back of net inflows of Rs 14,671 crore in the June quarter of current fiscal.
However, data shows that quantum of money pumped in has gone above Rs 20 lakh crore for the third time in past six quarters.
In terms of the number of companies that FIIs held stakes in, September 2015 quarter was the best one since 2009 where it held stakes in 1131 companies as against 1097 companies in quarter ended June 2016.
On an overall basis, FII holding went up in 437 companies listed at NSE in the last 1 year with the average stock price return of these companies in the same period being a huge 37 per cent. On the other hand, FII holding went down in 577 companies listed at NSE.