Top 5 Companies With A Consistent Increase In FIIs’ Stake
By Saikat Mitra |
5/17/2013 9:00 PM Friday
FIIs - this word is enough to get investors enthused about any particular company or stock. That is the only reason why the stake held by FIIs are tracked closely. In this article, we have taken into consideration companies in which FIIs’ stake has increased consistently for the last 4 quarters. We have considered the 500 listed companies on the BSE for the same.
|Company Name||FII Stake (%)||1 Year Return (%)|
|Tech Mahindra ||27.34 ||22.19 ||15.12 ||5.92 ||51.76 |
|Future Ventures India ||19.23 ||10.07 ||9.74 ||5.39 ||16.95 |
|Axis Bank ||40.94 ||34.83 ||32.79 ||27.27 ||61.57 |
|Karnataka Bank ||24.79 ||21.62 ||16.4 ||14.36 ||109.55 |
|Ipca Laboratories ||20.79 ||18.11 ||12.3 ||10.49 ||71.33 |
Tech Mahindra: Tech Mahindra is part of the USD 15.9 billion Mahindra Group and is a leading global systems integrator and business transformation consulting organisation, focused primarily on the telecommunications industry. Tech Mahindra has successfully implemented more than 18 greenfield operations globally and has over 140 active customer engagements mostly in the telecom sector. The company has been involved in about 9 transformation programmes of incumbent telecom operators.
In the last 4 quarters, the company has witnessed a consistent increase in the stake held by FIIs. The stake has increased by 2142 basis points to 27.34% as of March 2013. In the last 1 year, the stock has yielded a return of more than 51%.
Future Ventures India (FVIL): FVIL is a part of the Future Group under the leadership of Kishore Biyani. The company was incorporated in July 1996 under the name ’Subhikshith Finance & Investments’. In 1998, they were granted a certificate of registration by the Reserve Bank of India to carry on business as an NBFC. Their portfolio consists of 14 business ventures of which 7 are its subsidiaries. FVIL has successfully completed the Initial Public Offering (IPO) of its securities and raised Rs 750 crore.
The company, in the last 1 year, has given returns of 17% and the FIIs’ stake at the end of March 2013 stands at 19.23% as against 5.39% as of June 2012.
Axis Bank: Axis Bank is engaged in providing retail and corporate banking services in India. As of March 31, 2012, it operated 1,622 branches and extension counters, as well as 9,924 ATMs in India. Axis Bank also has branches in Singapore, Hong Kong, Dubai, Colombo, Abu Dhabi, and Shanghai. The company was formerly known as UTI Bank and changed its name to Axis Bank in July 2007. Axis Bank was incorporated in 1993 and is based in Mumbai, India.
The FIIs have increased their stake in the bank by 1367 basis points in the last four quarters to stand at 40.94% as of March 2013. In the last 1 year, the stock prices have appreciated by 61.57% on the Indian bourses.
Karnataka Bank: Karnataka Bank was incorporated on February 18, 1924 at Mangalore in Karnataka. Over the years, the bank has grown with the merger of Sringeri Sharada Bank, Chitradurga Bank and Bank of Karnataka. With over 88 years of experience, the bank now has a national presence with a network of 555 branches spread across 20 states and 2 Union Territories. Managed by a dedicated and professional management team, it has over 6084 employees, 1,05,099 shareholders and over 6.7 million customers.
In the last 4 quarters, FIIs have increased their stake in the bank to the tune of 1043 basis points to stand at 24.79% as of March 2013 as against 14.36% as of June 2012. In the last 1 year, the stock has yielded a stupendous return of 109%.
Ipca Laboratories: With a presence of more than 60 years, Ipca has been partnering healthcare globally in over 110 countries and in markets as diverse as Africa, Asia, Australia, Europe and the US. Ipca manufactures over 350 formulations and 80 APIs for various therapeutic segments. It is one of the world's largest manufacturers and suppliers of over a dozen APIs.
The company, in the last 1 year, has given returns of 71.33% and the FIIs’ stake at the end of March 2013 stands at 20.79% as against 10.49% as of June 2012.
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