Foreign institutional investors continued to pile up frontline and mid-cap stocks in the July-September quarter. They cornered 133 million shares of 157 companies during the quarter for Rs 16,866 crore (Rs 168.66 billion).
The shareholding pattern of 157 companies at the end of September quarter, thus far available from the exchanges, show that in 101 companies, FIIs increased their holdings to 13 per cent.
Of these 101 firms, 47 have shown a rise in FII stake by over 1 per cent. FIIs' stake in 35 companies declined to 7 per cent, while in 21 companies their stakes remain unchanged.
FII holdings in Four Soft (12.09 per cent), S Kumars Nationwide (14.35 per cent), SIC Agencies (11.08 per cent), Vimta Labs (10.17 per cent), Infotech Enterprises (12.06 per cent), Jubilant Organosys (10.54 per cent), Dwarikesh Sugar (12.82 per cent) and G E Shipping (14.19 per cent) crossed the 10 per cent mark in September.
In all these companies, the FII holdings were below 10 per cent in the previous quarter. FIIs purchased more than 5 per cent stake each in mid-cap shares such as S Kumars Nationwide, Four Soft, Magma Leasing, Nilkamal Plastics, SREI Infrastructure Finance and Rolta.
They purchased between 4 and 5 per cent stake in Emco, SIC Agencies, Indian Overseas Bank, Cranes Software, Gateway Distripacks, Infotech Enterprises and G E Shipping during the quarter.
FIIs raised their stakes in Nagarjuna Fertilisers, Bajaj Hindustan, Kakatiya Cements, Geometric Software, Birla Global Finance and Dwarikesh Sugar between 3-4 per cent.
And in Avaya GlobalConnet, Vimta Labs, Century Textiles and Salora International they raised their stake in the range of 2-3 per cent.
Their stake in frontline stocks such as Tata Motors, Tata Power, Reliance Energy, Bharti Tele-Ventures, Wipro, GlaxoSmithkline Pharma and Chennai Petroleum increased between 1-2 per cent during the quarter.
In S Kumars Nationwide, four FIIs -- HSBC Global Investment Fund (6.31 per cent), BSMA (4.11 per cent), Goldman Sachs Investment (2.20 per cent) and Citigroup Global Markets (1.34 per cent) -- bought more than 1 per cent stake in September quarter against nil holding at the end of June quarter.
India Growth Fund bought 10.92 per cent stake in Four Soft during the quarter. Total FII holdings in this company increased to 12 per cent at the end of September quarter from just 0.11 per cent in June quarter.
Similarly in Magma Leasing, FII holding rose from nothing in the June quarter to 8.16 per cent in September.
FIIs, however, substantially reduced their stakes in Adlabs Films and Hexaware Technologies. Their stake in CESC too declined by 2 per cent -- from 16.86 per cent in June quarter to 14.86 per cent at the end of September quarter.
The list of other companies where FIIs' stake came down during the last quarter includes Trent (from 21.37 per cent to 18.64 per cent), Noida Toll Bridge (from 17.72 per cent to 14.87 per cent) and Moschip Semiconductor (from 13.34 per cent to 8.66 per cent).
