Top 5 Companies Where FIIs Have Reduced Their Holdings Consistently
DSIJ Intelligence / 31 Jan 2014
With the end of the December quarter, the new shareholding patterns for most of the companies are now out. In this article we are looking into those companies where FIIs have decreased their stake in the last 5 quarters.
With the end of the December quarter, the new shareholding patterns for most of the companies are now out. In this article we are looking into those companies where FIIs have decreased their stake in the last 5 quarters. To arrive at this list we have applied following filters:
- We have considered stocks from the BSE 500 index.
- We have considered companies having market capitalisation of more than Rs 200 crore.
- We have considered companies where the FIIs have decreased stake on a consistent basis for the last 5 quarters.
- The final list consists of companies where the stake decreased is the highest and sorted out in a descending manner.
Let us take a look at the companies.
| Company Name | Mcap (Rs Cr) | FII Holding (%) | Change In Basis Points | Yearly Returns (%) | ||||
|---|---|---|---|---|---|---|---|---|
| Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | ||||
| IVRCL | 440.4 | 15.51 | 15.59 | 17.6 | 21.45 | 28.16 | -1265 | -58.22 |
| Welspun Corp | 1787.99 | 5.21 | 6.11 | 7.51 | 11.78 | 17.31 | -1210 | -32.41 |
| Usha Martin | 1022.27 | 3.21 | 6.32 | 7.99 | 9.63 | 12.07 | -886 | 12.02 |
| HCL Infosystems | 592.91 | 18.69 | 21.74 | 24.22 | 24.72 | 26.21 | -752 | -27.62 |
| Shoppers St. | 3263.84 | 2.77 | 8.95 | 9.14 | 9.56 | 9.65 | -688 | -10.66 |
IVRCL: IVRCL is engaged in the development and execution of engineering, procurement, construction, and commissioning, as well as lump sum turnkey facilities in various infrastructure projects in India and internationally. This company among the BSE 500 companies has witnessed maximum reduction in stake by the FIIs which has fallen by 1265 basis points as of December 2013 since the last 5 quarter to stand at 15.51%. The stock prices of the company in the last one year have declined by 58.22% and the market capitalisation stands at Rs 440.40 crore at present.
Welspun Corp: Welspun Corp, together with its subsidiaries, manufactures and sells steel pipes, plates, and coils in India and internationally. In the last one year the stock prices of the company has declined by 32.41%. The FIIs had reduced their stake on a consistent basis for the last 5 quarters to 5.21%. The change in the holding of the FIIs had decreased by 1210 basis points for the said period.
Usha Martin: Usha Martin, together with its subsidiaries, manufactures and sells specialty steel and value added steel products in India and internationally. The company operates in segments like Steel and Wire & Wire Ropes. The FII stake as of December 2013 stands at 3.21%. It has decreased consistently for the last 5 quarters from 12.07% in December 2012. The decrease is of 886 basis points. However, the stock has generated a return of 12.02% in the last one year and the market capitalisation stands at Rs 1022.27 crore.HCL Infosystems: While most of the IT and IT related companies remained in focus for the last one year, this stock in particular has seen its prices go down. In the last one year the stock prices has declined by 27.62%. The FIIs too had decreased their stake in the company by 752 basis points in the last 5 quarters and at present the stake of FIIs stand at 18.69% vis-à-vis December 2012.
Shoppers Stop: Shoppers Stop Limited engages in the retailing of various household and consumer products, and books through departmental stores in India. The company operates 66 Shoppers Stop stores, 18 HomeStop stores, 41 Mothercare stores, 82 Crossword stores, 32 M.A.C stores, 15 Clinique stores, 6 Estèe Lauder stores, and 15 HyperCity stores. In the last one year, the company has given negative return of 10.66%. The FII stake in the company decreased by 688 basis points in the last 5 quarters and as of December 2013 it stands at 2.77%.If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.